MNI BRIEF: Ontario To Cut U.S. Energy Flows When Tariffs Hit

MNI BRIEF: Aussie Labour Market Tightens, Unemployment At 3.9%

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

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

MNI China Daily Summary: Wednesday, December 11

MNI BRIEF: Chinese Rail Passenger Numbers Break Record

MNI:AUSTRALIA NOV UNEMPLOYMENT RATE +3.9%

MNI: US NOV TREASURY BUDGET -$366.8B

EZ/UK Bond Supply Calendar: BTP Auction on Thursday

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

Gaining Ground

US STOCKS

US equity markets mostly gaining ground, SPX back to Jan 21 levels and north of 200DM, Dow lagging:

    • DJIA down 47.47 points (-0.14%) at 34714.24
    • S&P E-Mini Future up 21.75 points (0.49%) at 4445.5
    • Nasdaq up 217.8 points (1.6%) at 13987.61
  • Latest earnings cycle resumes (83 names expected Monday) but starts to winds down later in the week (18 reporting Friday).
  • Contributing to modest risk-appetite, geopol-risk tied to Russia/Ukraine tension little cooler while US officials say diplomatic paths remain.
  • Sector performance: Consumer discretionary (+2.05%) sees carry over support from Fri; Information technologies (+1.33%); Communication (+0.75%). flipside: Consumer staples (-0.45%) Financials (-0.40%) lead underperformers.
  • Technicals: Last week's price action has allowed the recent oversold reading to unwind. Initial resistance to watch is 4446.25, Jan 26 high. The trigger for a resumption of bearish activity is 4212.75 low. Price action is likely to remain choppy near-term. However from a trend perspective, the short-term direction remains down.
HomepageEquitiesBulletMarketsFixed 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.