MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI: UK OCT TRADE BALANCE GBP -3.72BN

MNI: UK OCT CONSTRUCTION OUTPUT -0.4% MM, +0.4% 3M3M, -0.7% YY

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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Late Equities Roundup: Off Lows, Autos, Fast Food, Media Outperform

US STOCKS
  • Stocks are drifting near steady to narrowly mixed in late trade -- recovering off late morning lows after the London close. Currently, the DJIA is down 23.14 points (-0.06%) at 40566.44, S&P E-Minis up 3.25 points (0.06%) at 5502.5, Nasdaq up 3.1 points (0%) at 17362.5.
  • Consumer Discretionary and Communication Services continued to outperform in late trade, Tesla +5.47% supported the Consumer Discretionary sector as did McDonalds +4.02% and Deckers Outdoor Corp +3.13%. Media and Entertainment shares supported the Communication Services sector: Charter Communications +3.04%, Disney +2.64%, Comcast +2.18%.
  • Energy and Information Technology sectors continued to underperform in late trade, weaker crude (WTI -1.35 at 75.81) weighing on oil and gas shares: EOG Resources -1.86%, Devon Energy -1.86%, APA -1.75%. Meanwhile, Information Technology sectors traded weaker: Enphase -5.1%, First Solar - 2.92%, Intel -1.26%. A notable exception was ON Semiconductor +12.5% after reporting better than expected earnings this morning.
  • Earnings announcement expected after today's close include: SBA Communications, Welltower, Chesapeake Energy, Lattice Semiconductor and Sybmotic.
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