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Free AccessEquity Weakness Picking Up as E-mini S&P Nears Friday Low
- Downside in equities picking up pace in recent trade, with the e-mini S&P accelerating on the way to new session lows of 4319.25. This exposes next support at the Friday low of 4308 and 4295.8 - the 23.6% retracement for the late Jun - July rally.
- Energy names are leading losses having been the driving sector behind equity index strength last week, with the turnaround in crude prices largely responsible. Materials and financials also lagging, with a flattening yield curve responsible for the bank weakness so far.
To read the full story
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Please enter your details below.
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.