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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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Free AccessMNI ASIA OPEN: Fed Tempering Rate Cut Expectations
MNI Credit Weekly: Walking the Tightrope
Late Equities Roundup: Off New Late Cycle Highs, DJIA Underperforming
- S&P Eminis and Nasdaq indexes managed to extend all-time highs briefly late Wednesday (5,454.5 and 17,724.57 respectively), pared gains after Chairman Powell ended his post FOMC press conference, the DJIA trading weaker: down 105.11 points (-0.27%) at 38646.31, S&P E-Minis up 36.75 points (0.68%) at 5420.75, Nasdaq up 233.8 points (1.3%) at 17579.39.
- Information Technology and Industrial sectors outperformed in late trade, hardware and semiconductor makers supporting the former, Oracle +13.39% after better than expected earnings & revenue growth, Skyworks +7.59%, Apple +6.09%, Autodesk +5.13%.
- Air and ground transportation shares buoyed the Industrial sector in the second half: Uber +5.56%, Delta Air +2.96%, American Air +2.44 while United gained 2.16%.
- Energy and Consumer Staples sectors continued to underperform in late trade, oil & gas shares weighing on the former: Valero -3.45%, Marathon Petroleum -3.0%, Chevron -2.39%.
- Household and personal product makers weighed on Consumer Staples: Estee Lauder -3.0%, Kenvue Inc -2.87%, Procter & Gamble -1.58%.
- Notable earnings releases after today's close: Broadcom, Adobe and Lennar Group late Thursday.
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.