MNI: PBOC Net Drains CNY48 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Lower At 7.1289 Fri; -0.35% Y/Y

CHINA PBOC CONDUCTS CNY2 BILLION VIA 7-DAY REVERSE REPOS FRI

CHINA SETS YUAN CENTRAL PARITY AT 7.1289 FRI VS 7.1305

MNI China Daily Summary: Thursday, July 4

MNI BRIEF: China Has Four Months To Negotiate EU EV Agreement

INDON/PHILIP Long-end Spreads Widen, Inflation Falls

EZ/UK Bond Supply Calendar: Belgium ORI Facility on Friday

Factory Orders Decline as Non-EU Orders Dip

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Global Equities Remain Firm as Techs Point Higher

EQUITIES
Credit BulletsHomepagemarkets-real-timeCreditEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News

S&P E-Minis traded higher last week, extending the current bull cycle. Price has moved through resistance at the 20-day EMA - a bullish development. This highlights scope for a continuation higher that would expose the key resistance. Eurostoxx 50 futures build on the recent firm tone and the contract has traded higher to top the bull trigger. Recent gains have resulted in a breach of the 20-day EMA, resistance at 4990.00, as well as the bull trigger at 5079.00, Apr 2 high.

  • Japan's NIKKEI closed higher by 176.6 pts or +0.46% at 38356.06 and the TOPIX ended 6.87 pts higher or +0.25% at 2730.95.
  • Elsewhere, in China the SHANGHAI closed lower by 2.247 pts or -0.07% at 3145.774 and the HANG SENG ended 41.35 pts lower or -0.22% at 19073.71.
  • Across Europe, Germany's DAX trades lower by 35.65 pts or -0.19% at 18706.64, FTSE 100 higher by 12.84 pts or +0.15% at 8430.65, CAC 40 down 3.79 pts or -0.05% at 8204.77 and Euro Stoxx 50 down 5.83 pts or -0.11% at 5072.82.
  • Dow Jones mini up 15 pts or +0.04% at 39573, S&P 500 mini up 1.5 pts or +0.03% at 5246.75, NASDAQ mini up 7.25 pts or +0.04% at 18301.25.
198 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.

S&P E-Minis traded higher last week, extending the current bull cycle. Price has moved through resistance at the 20-day EMA - a bullish development. This highlights scope for a continuation higher that would expose the key resistance. Eurostoxx 50 futures build on the recent firm tone and the contract has traded higher to top the bull trigger. Recent gains have resulted in a breach of the 20-day EMA, resistance at 4990.00, as well as the bull trigger at 5079.00, Apr 2 high.

  • Japan's NIKKEI closed higher by 176.6 pts or +0.46% at 38356.06 and the TOPIX ended 6.87 pts higher or +0.25% at 2730.95.
  • Elsewhere, in China the SHANGHAI closed lower by 2.247 pts or -0.07% at 3145.774 and the HANG SENG ended 41.35 pts lower or -0.22% at 19073.71.
  • Across Europe, Germany's DAX trades lower by 35.65 pts or -0.19% at 18706.64, FTSE 100 higher by 12.84 pts or +0.15% at 8430.65, CAC 40 down 3.79 pts or -0.05% at 8204.77 and Euro Stoxx 50 down 5.83 pts or -0.11% at 5072.82.
  • Dow Jones mini up 15 pts or +0.04% at 39573, S&P 500 mini up 1.5 pts or +0.03% at 5246.75, NASDAQ mini up 7.25 pts or +0.04% at 18301.25.