Free Trial

Indices Stall, US Futures Indicate Mildly Lower Open

EQUITIES
  • Continental stock markets are mixed, with Spain's IBEX-35 and UK's FTSE-100 outperforming while Germany's DAX and the EuroStoxx50 lag. US futures are similarly non-directional, with the e-mini S&P in minor negative territory while the NASDAQ future indicates a lower open later today.
  • The energy sector in Europe is outperforming, taking the lead from the shift higher in the US sector yesterday. Oil prices remain buoyant early Tuesday, with WTI crude futures showing back above $65/bbl.
  • Communication services also trade well, contrasting with the European tech sector, which underperforms as the semiconductor sub-sector suffers on chip shortage concerns.
  • Earnings continue, with Pfizer, T-Mobile US and CVS Health all due today.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.