MNI BRIEF: Fed's Williams Says There's No Urgency To Cut Rates

MNI: US March Existing Home Sales Fell 4.3% To 4.19M

WILLIAMS: NOT BASE CASE TO RAISE RATES FURTHER

MNI BRIEF: Beijing Opposes U.S. Measures Against Chinese Steel

MNI China Daily Summary: Thursday, April 18

MNI BRIEF: M2 Growth To Slow On Weak Demand - PBOC's Zou

MNI: FED BALANCE SHEET TOTAL ASSETS -$33B TO $7.406T IN WEEK

US Treasury Auction Calendar

EZ/UK Bond Supply Calendar: EU, UK Synd W/C 22 Apr, BoE APF Mon

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

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Equity Futures Maintain Bullish Tone

EQUITIES

A bullish EUROSTOXX 50 futures outlook remains intact and price is trading just below its recent highs. Resistance at 3810.00, the Aug 17 high and an important bull trigger, has recently been breached, strengthening the case for bulls Furthermore, moving average studies remain in a bull mode set-up, highlighting 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.

The short-term outlook in S&P E-Minis remains bullish and a pullback would be considered corrective. A bullish theme follows recent strong gains that resulted in a break of 3928.00, the Nov 1 high. This strengthens a short-term current condition and price has established a sequence of higher highs and higher lows on the daily scale. The focus is 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 45.02 pts or +0.16% at 27944.79 and the TOPIX ended 5.54 pts higher or +0.28% at 1972.57.
  • Elsewhere, in China the SHANGHAI closed lower by 12.199 pts or -0.39% at 3085.044 and the HANG SENG ended 336.63 pts lower or -1.87% at 17655.91.
  • Across Europe, Germany's DAX trades lower by 56.46 pts or -0.39% at 14375.92, FTSE 100 lower by 29.29 pts or -0.4% at 7352.14, CAC 40 down 15.28 pts or -0.23% at 6628.86 and Euro Stoxx 50 down 13.06 pts or -0.33% at 3912.11.
  • Dow Jones mini down 110 pts or -0.33% at 33689, S&P 500 mini down 16.75 pts or -0.42% at 3961, NASDAQ mini down 49 pts or -0.42% at 11678.
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
HomepageEquitiesAT&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.