BOC SAYS DOESN'T NEED TO ALTER PATH OF QT RIGHT NOW

this is a test, please ignore

MNI BRIEF: Text of Bank Of Canada Interest-Rate Decision

MNI China Daily Summary: Wednesday, July 24

MNI: PBOC Net Drains CNY203.9 Bln Via OMO Wednesday

MNI: PBOC Sets Yuan Parity Higher At 7.1358 Weds; -0.98% Y/Y

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: BTP Short Term and BTPeis on Thursday

EZ/UK T-Bill Calendar: Italy, UK Auction on Friday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Uptrend in S&P Remains Intact

EQUITIES
EquitiesBulletFixed Income BulletsForeign Exchange Bullets

The uptrend in S&P E-Minis remains intact and the contract is holding on to its latest gains. Recent gains have resulted in a break of a key resistance at 5333.50, Apr 1 high. This confirms a resumption of the primary uptrend and signals scope for a climb to 5372.73. A bullish theme in Eurostoxx 50 futures remains intact despite the latest pullback. Last week’s gains resulted in a break of key resistance at 5079.00, the Apr 2 high, to confirm a resumption of the uptrend and maintain the price sequence of higher highs and higher lows.

  • Japan's NIKKEI closed lower by 122.75 pts or -0.31% at 38946.93 and the TOPIX ended 8.32 pts lower or -0.3% at 2759.72.
  • Elsewhere, in China the SHANGHAI closed lower by 13.179 pts or -0.42% at 3157.966 and the HANG SENG ended 415.6 pts lower or -2.12% at 19220.62.
  • Across Europe, Germany's DAX trades lower by 89.3 pts or -0.48% at 18680.86, FTSE 100 lower by 37.17 pts or -0.44% at 8386.58, CAC 40 down 67.36 pts or -0.82% at 8128.43 and Euro Stoxx 50 down 32.61 pts or -0.64% at 5041.76.
  • Dow Jones mini down 0 pts or 0% at 39944, S&P 500 mini down 0 pts or 0% at 5334.5, NASDAQ mini down 21.5 pts or -0.11% at 18741.25.
     
212 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

The uptrend in S&P E-Minis remains intact and the contract is holding on to its latest gains. Recent gains have resulted in a break of a key resistance at 5333.50, Apr 1 high. This confirms a resumption of the primary uptrend and signals scope for a climb to 5372.73. A bullish theme in Eurostoxx 50 futures remains intact despite the latest pullback. Last week’s gains resulted in a break of key resistance at 5079.00, the Apr 2 high, to confirm a resumption of the uptrend and maintain the price sequence of higher highs and higher lows.

  • Japan's NIKKEI closed lower by 122.75 pts or -0.31% at 38946.93 and the TOPIX ended 8.32 pts lower or -0.3% at 2759.72.
  • Elsewhere, in China the SHANGHAI closed lower by 13.179 pts or -0.42% at 3157.966 and the HANG SENG ended 415.6 pts lower or -2.12% at 19220.62.
  • Across Europe, Germany's DAX trades lower by 89.3 pts or -0.48% at 18680.86, FTSE 100 lower by 37.17 pts or -0.44% at 8386.58, CAC 40 down 67.36 pts or -0.82% at 8128.43 and Euro Stoxx 50 down 32.61 pts or -0.64% at 5041.76.
  • Dow Jones mini down 0 pts or 0% at 39944, S&P 500 mini down 0 pts or 0% at 5334.5, NASDAQ mini down 21.5 pts or -0.11% at 18741.25.