DALY SEES 'NO URGENCY TO ADJUST THE POLICY RATE'

MNI BRIEF: Fed’s Collins Sees Rate Cuts Later Than Had Thought

MNI BRIEF: China March M2 Slows More Than Expected

MNI BRIEF: China Tightens Stock Market Supervision

MNI BRIEF: China Mar Exports Jump On Demand; Imports Improve

MNI: PBOC Sets Yuan Parity Lower At 7.0967 Fri; -4.87% Y/Y

Japan Feb Machine Orders +7.7% M/M

MNI JAPAN FEB CORE MACHINE ORDERS +7.7% M/M; JAN -1.7%

MNI: BAKER HUGHES US RIG COUNT 617; OIL RIGS 506; GAS RIGS 109

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

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

MNI BRIEF: Lawmakers Signal Tough Hearing For BOC's Macklem

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

European Indices Defensive, But No Sharp Retracement

EQUITIES
  • Cash equity markets across the continent are modestly lower, with the EuroStoxx50 lower by 0.7% - with similar losses seen across Italian, French and Spanish markets. The UK's FTSE-100 is lower, but losses are limited to 0.2% or so.
  • Consumer discretionary and IT names are the poorest performing sectors, with consumer staples and real estate not far behind. Europe's financials sector is the sole group in the green, with Eurozone banks benefiting from higher yields across the curve.
  • US futures markets are trading similarly lower, with the e-mini S&P off around 20 points to remain anchored by the 50-dma at 4432.00. Nonetheless, the outlook remains broadly constructive following the rally off the Wednesday low last week, with markets eyeing the Sep27 high at 4472.00 as the first upside level.
  • The US earnings cycle continues this week, with highlights this week including Tesla, Intel, Verizon Communications and Netflix all on the docket. Full schedule found here: https://marketnews.com/mni-us-earnings-schedule-focus-shifts-to-healthcare-as-reports-pick-up
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market News
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market News

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.