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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.
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Free AccessMNI EUROPEAN MARKETS ANALYSIS: ECB Expected To Cut Rates Later
MNI EUROPEAN OPEN: A$ & Local Yields Surge Following Jobs Data
Gains In The Hang Seng Dominate
The Hang Seng stole the headlines in Wednesday’s Asia-Pac session, benefitting from hopes re: fiscal support for the Chinese economy in lieu of comments made by the Chinese Finance Minister, BBG source reports indicating that “Chinese authorities are planning to usher in further support measures to ease liquidity stress at some of the nation’s too-big-to-fail developers as the property downturn persists” and news that Ant Group’s consumer finance unit received approval to more than double its registered capital. Gains in the property sector and tech giant Alibaba (who own Ant Group) stood out in the wake of the news flow. The benchmark Hang Seng Index trades over 2.00% higher on the day at typing.
- Wider equity market performance was a little more mixed, with the Nikkei -1.5% as Tokyo returned from holiday and adjusted to moves in U.S. equity markets since the turn of the year, alongside a slightly stronger JPY in early ‘23.
- China’s CSI 300 is little changed as we move towards the bell, after dealing either side of unchanged.
- E-mini futures are 0.1-0.3% higher, with the NASDAQ 100 leading gains after tech giants Apple & Tesla traded heavily on Tuesday.
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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.