MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

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

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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Late Equities Roundup

US STOCKS
  • Stocks were still firmer late Tuesday, but off midday highs, the timing of which coincided with headlines the US is considering sending a second aircraft carrier to Israel. Stocks gained this morning after Atlanta Fed Bostic reaffirmed his view that the Fed's benchmark interest rate is high enough to get inflation under control without dragging the economy into recession. Currently, S&P E-Mini futures are up 26.25 points (0.6%) at 4394.75, DJIA up 155.66 points (0.46%) at 33758.51, Nasdaq up 90.9 points (0.7%) at 13573.86.
  • Leaders: Consumer Staples, Materials and Consumer Discretionary sectors outperformed, retail names supported the former: Target +4.25%, Dollar Tree +4.05%, Sysco +1.25%. Metals, mining and chemical stocks buoyed the Materials sector: Albemarle +3.55%, Sealed Air Corp +3.1%, International Flavors and Fragrances +2.67%. Autos and parts makers led the former: GM and Tesla +1.75%, Aptiv +1.6%, Ford +1.2%, Borg-Warner +1.06%.
  • Laggers: Information Technology, Real Estate and Energy sectors underperformed, midday support for IT cooling in late trade with hardware makers lagging: Juniper Networks -1.65%, Corning -0.69%, Apple -0.5%. Residential REITS weighed on Real Estate: UDR inc -0.7%, Mid-America Apartment and Invitation Homes both -0.4%. Meanwhile, oil and gas shares lagged the Energy sector with crude holding weaker in late trade (WTI -0.5 at 85.88): APA -0.65%, EQT Corp -0.5%.
  • Reminder, Q4 earnings cycle gets underway with several bank shares reporting this Friday: JP Morgan, Wells Fargo, Blackrock, PNC Financial and Citigroup expected.
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