MNI: BRAZIL'S COPOM RAISES SELIC RATE BY 100BPS TO 12.25%

MNI BRIEF: US Budget Deficit $367B In Nov; FYTD Record $624B

MNI BRIEF: Former BOC Dep Beaudry Sees 2.75%-3% Rate In 2025

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI: PBOC Net Injects CNY37.3 Bln via OMO Wednesday

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

US EIA: CRUDE OIL STOCKS EX SPR -1.42M TO 422.0M DEC 06 WK

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

EQUITIES: EuroStoxx Holds on to Recovery

EQUITIES
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

The S&P E-Minis contract maintains a bullish tone and price is trading at its latest highs. Recent gains confirm a resumption of the uptrend and signal scope for a continuation near-term. Note that moving average studies are in a bull-mode set-up. Eurostoxx 50 futures traded higher last 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 4873.27.  

  • Japan's NIKKEI closed higher by 69.33 pts or +0.18% at 39160.5 and the TOPIX ended 7.34 pts higher or +0.27% at 2734.56.
  • Elsewhere, in China the SHANGHAI closed lower by 1.542 pts or -0.05% at 3402.534 and the HANG SENG ended 548.24 pts higher or +2.76% at 20414.09.
  • Across Europe, Germany's DAX trades lower by 2.71 pts or -0.01% at 20378.86, FTSE 100 higher by 25.72 pts or +0.31% at 8333.32, CAC 40 up 37.25 pts or +0.5% at 7461.32 and Euro Stoxx 50 up 10.92 pts or +0.22% at 4987.2.
  • Dow Jones mini up 2 pts or +0% at 44722, S&P 500 mini down 2.25 pts or -0.04% at 6097.25, NASDAQ mini down 14.5 pts or -0.07% at 21644.75.
192 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 S&P E-Minis contract maintains a bullish tone and price is trading at its latest highs. Recent gains confirm a resumption of the uptrend and signal scope for a continuation near-term. Note that moving average studies are in a bull-mode set-up. Eurostoxx 50 futures traded higher last 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 4873.27.  

  • Japan's NIKKEI closed higher by 69.33 pts or +0.18% at 39160.5 and the TOPIX ended 7.34 pts higher or +0.27% at 2734.56.
  • Elsewhere, in China the SHANGHAI closed lower by 1.542 pts or -0.05% at 3402.534 and the HANG SENG ended 548.24 pts higher or +2.76% at 20414.09.
  • Across Europe, Germany's DAX trades lower by 2.71 pts or -0.01% at 20378.86, FTSE 100 higher by 25.72 pts or +0.31% at 8333.32, CAC 40 up 37.25 pts or +0.5% at 7461.32 and Euro Stoxx 50 up 10.92 pts or +0.22% at 4987.2.
  • Dow Jones mini up 2 pts or +0% at 44722, S&P 500 mini down 2.25 pts or -0.04% at 6097.25, NASDAQ mini down 14.5 pts or -0.07% at 21644.75.