Free Trial

Futures Trend Remains Bearish

EQUITIES

S&P E-Minis trend conditions remain bearish following last week’s extension lower and break of the July support. The move lower strengthens bearish conditions and attention is on key support at 3657.00. EUROSTOXX 50 futures remain soft following the reversal on Sep 13, from 3678.00, the Jun 13 high and last week’s follow through.


  • Japan's NIKKEI closed higher by 140.32 pts or +0.53% at 26571.87 and the TOPIX ended 8.73 pts higher or +0.47% at 1873.01.
  • Elsewhere, in China the SHANGHAI closed higher by 42.636 pts or +1.4% at 3093.862 and the HANG SENG ended 5.17 pts higher or +0.03% at 17860.31.
  • Across Europe, Germany's DAX trades higher by 145.33 pts or +1.19% at 12374.76, FTSE 100 higher by 27.79 pts or +0.4% at 7048.67, CAC 40 up 64.67 pts or +1.12% at 5835.42 and Euro Stoxx 50 up 38.33 pts or +1.15% at 3381.44.
  • Dow Jones mini up 293 pts or +1% at 29640, S&P 500 mini up 44.5 pts or +1.21% at 3715.25, NASDAQ mini up 155 pts or +1.37% at 11474.25.

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.