MNI China Daily Summary: Friday, January 17

MNI BRIEF: UK To Delay Implementation of Basel 3.1 Until 2027

MNI: UK DEC RETAIL SALES EX-FUEL -0.6% M/M, 2.9% Y/Y

MNI BRIEF: NBS Notes Favourable Conditions For China CPI

MNI BRIEF: China's Q4 GDP Grow By 5.4%, Meeting 2024 Target

MNI: PBOC Net Injects CNY100.5 Bln via OMO Friday

MNI: US DEC INDUSTRIAL PROD +0.9%; CAP UTIL 77.6%

EZ/UK Bond Supply Calendar: EFSF Synd "Upcoming", Slov Due Mon

MNI: US DEC HOUSING STARTS 1.499M; PERMITS 1.483M

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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EUROSTOXX50 TECHS
Fixed Income Technical AnalysisForeign Exchange Technical AnalysisFixed Income BulletsEquitiesCEEMEAMarketsStoryForeign Exchange Bullets
  • RES 4: 5261.57 1.382 proj of the Nov 21 - Dec 9 - 20 price swing
  • RES 3: 5215.87 1.236 proj of the Nov 21 - Dec 9 - 20 price swing       
  • RES 2: 5200.00 Round number resistance  
  • RES 1: 5166.00 High Jan 17          
  • PRICE: 5155.00 @ 10:41 GMT Jan 17  
  • SUP 1: 5113.00/5040.00 Low Jan 17 / High Dec 9         
  • SUP 2: 4986.09/4931.00 20-day EMA / Low Jan 13    
  • SUP 3: 4829.00 Low Dec 20 and key short-term support
  • SUP 4: 4775.00 Low Nov 29 

A bull cycle in the Eurostoxx 50 futures contract remains intact. This week’s climb resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. The contract is again trading higher, today. The focus is on a climb towards 5200.00, a round number resistance point. Key short-term support has been defined at 4931.00, the Jan 13 low. A break of this level would be bearish. 

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  • RES 4: 5261.57 1.382 proj of the Nov 21 - Dec 9 - 20 price swing
  • RES 3: 5215.87 1.236 proj of the Nov 21 - Dec 9 - 20 price swing       
  • RES 2: 5200.00 Round number resistance  
  • RES 1: 5166.00 High Jan 17          
  • PRICE: 5155.00 @ 10:41 GMT Jan 17  
  • SUP 1: 5113.00/5040.00 Low Jan 17 / High Dec 9         
  • SUP 2: 4986.09/4931.00 20-day EMA / Low Jan 13    
  • SUP 3: 4829.00 Low Dec 20 and key short-term support
  • SUP 4: 4775.00 Low Nov 29 

A bull cycle in the Eurostoxx 50 futures contract remains intact. This week’s climb resulted in a breach of 5054.00, the Jan 8 high, to confirm a resumption of the uptrend. The contract is again trading higher, today. The focus is on a climb towards 5200.00, a round number resistance point. Key short-term support has been defined at 4931.00, the Jan 13 low. A break of this level would be bearish.