CANADA TO PUBLISH FISCAL UPDATE ON DEC. 16

MNI BRIEF: Inflation Expectations Tick Higher - NY Fed

MNI BRIEF: China Passenger Car Sales Up In November Y/Y

MNI BRIEF: Mexico Inflation Down To 4.55% In November

MNI China Daily Summary: Monday, December 9

MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

EZ/UK Bond Supply Calendar: Austria, UK Auction on Tuesday

EZ/UK T-Bill Calendar: Spain, Belgium Auction on Tuesday

MNI:US OCT WHOLESALE INV 0.2%; SALES -0.1%

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

Eurostoxx 50 Extend Recent Climb Towards 4100.00 Handle

EQUITIES

EUROSTOXX 50 futures traded higher Friday, extending the recent climb. The contract has pierced resistance at 4043.00, the Dec 13 high and a bull trigger. A clear breach of this hurdle would represent a key short-term bullish development and pave the way for gains towards the 4100.00 handle. Moving average studies are in a bull-mode condition, reinforcing the current positive trend condition. Initial support lies at 3894.60, the 20-day EMA. S&P E-Minis trend signals remain bearish and the contract continues to trade in a range. Key resistance at 3917.50, the 50-day EMA, has been pierced. A clear break of this hurdle is required to suggest potential for a stronger recovery and this would also highlight a possible reversal. On the downside, a break lower would confirm a resumption of the downtrend and open 3778.45, a Fibonacci retracement.


  • In China the SHANGHAI closed higher by 18.448 pts or +0.58% at 3176.084 and the HANG SENG ended 396.7 pts higher or +1.89% at 21388.34.
  • Across Europe, Germany's DAX trades higher by 39.87 pts or +0.27% at 14649.94, FTSE 100 higher by 14.41 pts or +0.19% at 7714.12, CAC 40 up 7.35 pts or +0.11% at 6868.3 and Euro Stoxx 50 up 14.01 pts or +0.35% at 4031.84.
  • Dow Jones mini up 60 pts or +0.18% at 33830, S&P 500 mini up 12 pts or +0.31% at 3927.25, NASDAQ mini up 48.75 pts or +0.44% at 11161.
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.