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Policy
Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
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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 AccessLate Equities Roundup: Autos, Banks Outperform
- Stocks have drifted higher in late Tuesday trade, DJIA joining Nasdaq stocks in outperforming S&P Eminis. Currently, the DJIA is up 103.83 points (0.27%) at 39273.54, S&P E-Minis up 22 points (0.4%) at 5556.25, Nasdaq up 119.6 points (0.7%) at 17998.9.
- Consumer Discretionary and Financials sectors outperformed in late trade, automaker Tesla underpinning the discretionary sector as it rallied 8.88% on better than expected deliveries. Financials outpaced earlier industrial gainers, banks leading: Citigroup +1.83%, US Bancorp +1.58%, Fifth Third +1.49%.
- Materials and Health Care sectors continued to underperform in late trade, container and packaging shares weighed on the former: Packaging Corp of America -1.75%, Amcor -1.0%, Westrock -0.73%. Pharmaceutical names weighing on the former: Incyte Corp -2.60%, AbbVie -2.19%, Viatris -2.17%.
- Reminder, the latest equity earnings cycle kicks off in earnest Friday next week, banks headline: Wells Fargo, Bank of NY Mellon, JP Morgan and Citigroup.
To read the full story
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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.