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Policy
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Global Macro
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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: PBOC Net Drains CNY248 Bln via OMO Tuesday
MNI Eurozone Inflation Insight – November 2024
Late Equities Roundup: IT Underperforming, Waiting on NVDA Earnings
- Stocks remain weaker after extending lows following the release of January FOMC minutes -- where policymakers expressed more concern with cutting rates too soon than too late. Currently, the DJIA is down 143.3 points (-0.37%) at 38419.75, S&P E-Minis down 23.25 points (-0.47%) at 4968.25, Nasdaq down 155.3 points (-1%) at 15474.75.
- Laggers: Information Technology and Communication Services sectors underperformed in the second half, semiconductor makers weighing on the former for the second day running: Nvidia -3.78% ahead of earnings expected after the close, Intel -3.14% First Solar -2.62%. Meanwhile, media and entertainment shares weighed on the Communication Services sector: Charter Communications -2.38%, Warner Brothers -2.33%, Disney -1.97%.
- Leading gainers: Energy and Utilities sectors continued to outperform, oil and gas shares buoyed the former: EQT Corp surged +11.18% (apparently as gas producers look to defer production), Coterra Energy +6.01%, ConocoPhillips +2.90%. Multi energy providers supported the Utilities sector: Exelon +3.94, Ameren Corp +2%, Dominion Energy +1.79%.
- Looking ahead: Corporate earnings after the close: Nvidia, Synopsys, Etsy, APA Corp, Rivian Automotive, Ansys Inc, Lucid, Marathon Oil.
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.