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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: European Commission To Decide on Austria EDP
MNI: Italy Aims At NGEU Wriggle Room Over 2026 Deadline
MNI UK Inflation Preview: December 2024
MNI POLITICAL RISK - First Trump Nominee Faces Senate Scrutiny
Late Equities Roundup: Program Sales Temper Support
- Stocks are holding near late session highs following a few rounds of late profit taking sell programs Friday as markets continue to debate chances of a 50bp vs. 25bp rate cut at next week's FOMC announcement.
- The DJIA trades up 275 points (0.67%) at 41369.95, S&P E-Minis up 24.5 points (0.44%) at 5626, Nasdaq up 99.8 points (0.6%) at 17669.06.
- Utilities and Materials sectors led gainers in the second half, independent power providers supported the former as a reversal in crude prices (WTI -0.32 at 68.65 vs. 70.29 midmorning high) in the second half saw Energy share pare gains. Vistra Corp +6.08%, Constellation Energy +3.36%, AES Corp +2.48%.
- Metal/mining stock continued to outperform as Gold hit new highs (2582.75/oz): Nucor +2.42%, Freeport-McMoRan +2.30%, Steel Dynamics +2.19%.
- Conversely, Real Estate and Health Care sectors lagged the broad based rally, specialized and retail REITs weighed on the former: Digital Realty -1.0%, Public Storage -0.68%, Extra Space -0.44%. Health Care sector continued to underperform, Moderna down another 3% after falling -18% at one point Thursday amid plans to cut costs by $1.1B including research.
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.