MNI BRIEF: BOE Bailey Sees Higher Risks Of Sharp Market Moves

RPT-MNI INTERVIEW: Fed To Look Through Price Bumps-Shelton

MNI China Daily Summary: Tuesday, February 11

MNI BRIEF: Brazil's IPCA 4.56% In January As Energy Declines

MNI BRIEF: China To Boost Passenger Train Services

MNI BRIEF: China SME Index Up In January

US NFIB JAN SMALL BUSINESS INDEX 102.8

MNI: NORWAY Q4 MAINLAND GDP -0.4% Q/Q

MNI: UK BRC JAN BY VALUE SHOP SALES LFL +2.5% YY, TOTAL +2.6% YY

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

EQUITIES: Eurostoxx 50 Futures Extends This Week's Rally, Above November Highs

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

Eurostoxx 50 futures have traded higher this week and the contract is holding on to its latest gains. The move higher undermines a recent bearish theme. Price has traded through the 50-day EMA, at 4868.67. The clear breach of this average strengthens a bullish theme and note that 4961.00, the Nov 6 high, has been pierced. This opens 5015.00, the Oct 29 high. Key support is 4699.00, the Nov 19 low. Initial support lies at 4844.40, the 20-day EMA. The S&P E-Minis contract maintains a bullish tone and price traded higher yesterday. This confirms a resumption of the uptrend and signals scope for a continuation near-term. Note that moving average studies are in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on the 6145.26, a Fibonacci projection. Initial support to watch lies at 5990.65, the 20-day EMA.

  • Japan's NIKKEI closed lower by 304.43 pts or -0.77% at 39091.17 and the TOPIX ended 15.02 pts lower or -0.55% at 2727.22.
  • Elsewhere, in China the SHANGHAI closed higher by 35.221 pts or +1.05% at 3404.076 and the HANG SENG ended 305.41 pts higher or +1.56% at 19865.85.
  • Across Europe, Germany's DAX trades higher by 46.91 pts or +0.23% at 20405.73, FTSE 100 lower by 5 pts or -0.06% at 8344.57, CAC 40 up 81.83 pts or +1.12% at 7413.27 and Euro Stoxx 50 up 21.31 pts or +0.43% at 4973.52.
  • Dow Jones mini down 10 pts or -0.02% at 44857, S&P 500 mini down 2.5 pts or -0.04% at 6086.25, NASDAQ mini up 4 pts or +0.02% at 21477.
258 words

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.

Eurostoxx 50 futures have traded higher this week and the contract is holding on to its latest gains. The move higher undermines a recent bearish theme. Price has traded through the 50-day EMA, at 4868.67. The clear breach of this average strengthens a bullish theme and note that 4961.00, the Nov 6 high, has been pierced. This opens 5015.00, the Oct 29 high. Key support is 4699.00, the Nov 19 low. Initial support lies at 4844.40, the 20-day EMA. The S&P E-Minis contract maintains a bullish tone and price traded higher yesterday. This confirms a resumption of the uptrend and signals scope for a continuation near-term. Note that moving average studies are in a bull-mode set-up, highlighting a dominant uptrend and positive market sentiment. Sights are on the 6145.26, a Fibonacci projection. Initial support to watch lies at 5990.65, the 20-day EMA.

  • Japan's NIKKEI closed lower by 304.43 pts or -0.77% at 39091.17 and the TOPIX ended 15.02 pts lower or -0.55% at 2727.22.
  • Elsewhere, in China the SHANGHAI closed higher by 35.221 pts or +1.05% at 3404.076 and the HANG SENG ended 305.41 pts higher or +1.56% at 19865.85.
  • Across Europe, Germany's DAX trades higher by 46.91 pts or +0.23% at 20405.73, FTSE 100 lower by 5 pts or -0.06% at 8344.57, CAC 40 up 81.83 pts or +1.12% at 7413.27 and Euro Stoxx 50 up 21.31 pts or +0.43% at 4973.52.
  • Dow Jones mini down 10 pts or -0.02% at 44857, S&P 500 mini down 2.5 pts or -0.04% at 6086.25, NASDAQ mini up 4 pts or +0.02% at 21477.