MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI China Daily Summary: Tuesday, Dec 3

MNI BRIEF: China-Based UK Firms Facing Challenges

MNI: PBOC Net Drains CNY248 Bln via OMO Tuesday

MNI: PBOC Sets Yuan Parity Higher At 7.1996 Tue; -1.92% Y/Y

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI: US BLS: JOLTS OPENINGS RATE 7.744M IN OCT

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Equity Futures Consolidate Close to Recent Highs

EQUITIES
  • A bullish EUROSTOXX 50 futures outlook remains intact. Price is consolidating but importantly the contract remains at its recent highs. Resistance at 3810.00, the Aug 17 high and an important bull trigger, has been breached. Moving average studies are in a bull mode set-up and this highlights positive market sentiment. The focus is on 3944.00, Mar 29 high on the continuation chart. Initial firm support lies at 3697.00, the Nov 10 low.
  • S&P E-Minis remains bullish and the contract is holding on to the bulk of its recent gains. A bullish theme follows last week’s strong gains that resulted in a break of resistance at 3928.00, Nov 1 high. This strengthens a short-term bullish condition with focus on 4100.00 next. On the downside, key short-term support is at 3704.25, the Nov 3 low.

  • Japan's NIKKEI closed higher by 38.13 pts or +0.14% at 28028.3 and the TOPIX ended 0.93 pts lower or -0.05% at 1963.29.
  • Elsewhere, in China the SHANGHAI closed lower by 14.098 pts or -0.45% at 3119.98 and the HANG SENG ended 86.64 pts lower or -0.47% at 18256.48.
  • Across Europe, Germany's DAX trades lower by 63.56 pts or -0.44% at 14325.82, FTSE 100 higher by 8.03 pts or +0.11% at 7381.15, CAC 40 up 0.92 pts or +0.01% at 6643.59 and Euro Stoxx 50 down 4.44 pts or -0.11% at 3912.63.
  • Dow Jones mini up 65 pts or +0.19% at 33678, S&P 500 mini up 6.75 pts or +0.17% at 4007.5, NASDAQ mini up 18.5 pts or +0.16% at 11929.25.
Homepagemarkets-real-timeEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Homepagemarkets-real-timeEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.