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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.
US STOCKS
- Equities have pared a large part of the recent slip, which had appeared order-related with the largest sell programs on the TICK index since Nov 16 with close to 1,000 names.
- It leaves the S&P e-mini holding +0.3% gains, underperforming a string of other indices with Nasdaq +0.4%, Dow Jones +0.4% and the Russell 2000 +0.5% (all e-minis).
- The earlier high for the S&P e-mini of 4580.5 cleared resistance at 4571 (Nov 20 high) to open a key resistance at 4597.5 (Sep 1 high).
- SPX gains are led by communication services (+0.8%, driven by 1% or greater gains in Meta and Alphabet) and consumer staples (+0.7%). Intra-session gains have also been helped by a paring of earlier losses for Nvidia (-2.1%) following yesterday’s earnings.
- Energy (-0.3%) lags but having pared earlier losses with the sizeable rebound in WTI front futures.
S&P e-miniSource: Bloomberg
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.
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