MNI BRIEF: China To Enhance Customs Clearance

MNI BRIEF: China Consumer Satisfaction Up

MNI: PBOC Net Drains CNY68.6 Bln via OMO Thursday

MNI: PBOC Sets Yuan Parity Higher At 7.1728 Thurs; -0.64% Y/Y

MNI China Press Digest March 13: SMEs, Shipping, Guangdong

MNI BRIEF: US Budget Deficit At $1.15T Thru Feb

MNI: US FEB TREASURY BUDGET -$307.0B

EZ/UK T-Bill Calendar: 1/3/6-month UKTB Due Thursday

EZ/UK Bond Supply Calendar: Greece Synd / Italy Auction Thurs

GERMANY: Union/SPD Migration Alignment After Turmoil Threatened Debt Deal (BILD)

GERMANY: Official Interim Election Results Tilt Towards Missing BSW & FDP

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

EQUITIES: Eurostoxx 50 Target March 2000 All-Time High at 5525.00

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

The Eurostoxx 50 futures contract continues to appreciate. The move higher this week confirms once again, a resumption of the uptrend that started on Nov 21 ‘24. Moving average studies are in a bull mode set-up too, highlighting a dominant uptrend. Sights are on a major resistance at 5525.00, the March 2000 all-time high. Clearance of this level would highlight a key bullish break. Initial firm support to watch lies at 5283.40, the 20-day EMA. S&P E-Minis have traded higher this week. The recovery undermines a recent bearish threat and attention turns to the next resistance at 6162.25, the Jan 24 high. Clearance of this level would expose key resistance at 6178.75, the Dec 6 ‘24 high. A move above this hurdle would resume the primary uptrend. On the downside, initial key support has been defined at 6014.00, the Feb 10 low. A break would be viewed as a bearish development.

  • Japan's NIKKEI closed lower by 312.04 pts or -0.79% at 39149.43 and the TOPIX ended 6.38 pts lower or -0.23% at 2759.21.
  • Elsewhere, in China the SHANGHAI closed higher by 14.241 pts or +0.43% at 3346.724 and the HANG SENG ended 805.96 pts higher or +3.69% at 22620.33.
  • Across Europe, Germany's DAX trades lower by 13.43 pts or -0.06% at 22598.42, FTSE 100 lower by 18.01 pts or -0.21% at 8746.68, CAC 40 up 41.79 pts or +0.51% at 8206.31 and Euro Stoxx 50 up 16.08 pts or +0.29% at 5516.79.
  • Dow Jones mini down 47 pts or -0.1% at 44764, S&P 500 mini up 1.5 pts or +0.02% at 6136.75, NASDAQ mini up 17.75 pts or +0.08% at 22131.
267 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.

The Eurostoxx 50 futures contract continues to appreciate. The move higher this week confirms once again, a resumption of the uptrend that started on Nov 21 ‘24. Moving average studies are in a bull mode set-up too, highlighting a dominant uptrend. Sights are on a major resistance at 5525.00, the March 2000 all-time high. Clearance of this level would highlight a key bullish break. Initial firm support to watch lies at 5283.40, the 20-day EMA. S&P E-Minis have traded higher this week. The recovery undermines a recent bearish threat and attention turns to the next resistance at 6162.25, the Jan 24 high. Clearance of this level would expose key resistance at 6178.75, the Dec 6 ‘24 high. A move above this hurdle would resume the primary uptrend. On the downside, initial key support has been defined at 6014.00, the Feb 10 low. A break would be viewed as a bearish development.

  • Japan's NIKKEI closed lower by 312.04 pts or -0.79% at 39149.43 and the TOPIX ended 6.38 pts lower or -0.23% at 2759.21.
  • Elsewhere, in China the SHANGHAI closed higher by 14.241 pts or +0.43% at 3346.724 and the HANG SENG ended 805.96 pts higher or +3.69% at 22620.33.
  • Across Europe, Germany's DAX trades lower by 13.43 pts or -0.06% at 22598.42, FTSE 100 lower by 18.01 pts or -0.21% at 8746.68, CAC 40 up 41.79 pts or +0.51% at 8206.31 and Euro Stoxx 50 up 16.08 pts or +0.29% at 5516.79.
  • Dow Jones mini down 47 pts or -0.1% at 44764, S&P 500 mini up 1.5 pts or +0.02% at 6136.75, NASDAQ mini up 17.75 pts or +0.08% at 22131.