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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 AccessMNI: China CFETS Yuan Index Up 0.01% In Week of Nov 22
MNI: PBOC Net Injects CNY76.7 Bln via OMO Monday
Late Equities Roundup: Back Under Pressure
- Off early session lows, US stocks remain broadly weaker after paring losses into midday. After S&P Eminis falling as much as 4.75% vs. Friday's settlement early Monday, Nasdaq -6.35%, DJIA -3.0%, indexes bounced after higher than expected ISM services data cooled recession concerns somewhat.
- Currently, the DJIA trades down 1099.05 points (-2.77%) at 38639.86, S&P E-Minis down 174.75 points (-3.25%) at 5202, Nasdaq down 653.3 points (-3.9%) at 16125.63.
- Information Technology and Consumer Discretionary sectors continued to underperform in late trade, semiconductor and hardware shares weighing on the former with Intel -7.22%, Nvidia -7.00%, Apple -6.38%. Broadline retailers and auto related stocks weighed on the Consumer Discretionary sector: Bath & Body Works -6.11%, Etsy -5.91%, Tesla -5.24%.
- Conversely, Energy and Industrial sector shares outperformed, oil & gas shares declining the least: Marathon Oil -0.64%, Valero -0.72%, ConocoPhillips -0.80%. Meanwhile, Industrials saw AMETEK +1.56%, Generac +0.43%, Lockheed Martin -0.33%.
- Earnings announcement resume late Monday, include the following: Carlyle Group, Diamondback Energy, Realty Income Corp, CSX Corp, Lucid Group Inc, Simon Property Group, ZoomInfo Technologies, Spirit AeroSystems, Definitive Healthcare, Williams Cos, Hims & Hers Health Inc, Palantir Technologies and Crescent Energy.
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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.