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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI BRIEF: Japan Oct Real Wages Unchanged Y/Y
MNI ASIA OPEN: Focus on November Jobs Ahead Fed Blackout
Late Equities Roundup: Extending Highs, Utilities Displace IT Shares
- Stocks gradually extending highs in late Monday trade, S&P eminis closing in on last Wednesday's high of 4830.75, Energy and Utility sectors outperforming. At the moment: DJIA trades up 178.79 points (0.48%) at 37565, S&P E-Mini futures up 20.25 points (0.42%) at 4826, Nasdaq up 78.1 points (0.5%) at 15071.66.
- Leading gainers: Energy and Utility sector shares, the latter outpacing Information Technology stocks in the second half. Equipment and services shares continue to support the Energy sector: Baker Hughes +1.96%, Schlumberger and Haliburton both +1.67%. Independent power stocks buoyed the Utility sector: Edison Int +3.01%, Constellation Energy +2.06%, NRG Energy +1.95%.
- Incidentally, semiconductor stocks still buoyed IT: Intel +4.78%, Monolithic Power +3.31%, AMD +2.27%, while shares of Apple continued to recede after ITC supports ban of Apple watch ban.
- Laggers: Communication Services and Health Care stocks led laggers in late trade, media and entertainment weighing on the former: Take Two -0.32%, Electronic Arts -0.26%, Comcast -0.15%. Pharmaceutical and biotech shares weighing on the former: Bristol-Myers Squibb -1.53% after announcing $4.1B to purchase radiopharmaceutical therapeutics company RayzeBio (RYZB) earlier in the day.
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.