MNI BRIEF: BOC Rate-Cut Talk Is Premature, Macklem Says

BOC SAYS GOVT TO AMEND LAW TO ACCOUNT FOR QE LOSSES

BOC: FAR TOO EARLY TO BE TALKING ABOUT RATE CUTS

MNI: JAPAN DEC SERVICES PRODUCER PRICE INDEX +1.5% Y/Y; NOV +1.7%

Coming up in the Asia-Pac session on Thursday

USD Index Hovering Close To Cycle Lows Approaching US GDP Data

(RPT)MNI INTERVIEW: BOC In One And Done Zone - Chamber

Rpt- MNI INTERVIEW: BOC Losses May Dent Inflation Fight- Tombe

MNI BRIEF: EU Sees Statement After UK-EU Talks This Afternoon

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial
BRENT TECHS

(H3) Watching Support At The 20-Day EMA

USDCAD TECHS

Bear Threat Still Present

EUROZONE ISSUANCE

EGB Supply - W/C January 23, 2023

AUDUSD TECHS

Heading North

EURJPY TECHS

Resistance Remains Exposed

BTP TECHS

(H3) Uptrend Intact While Support Holds

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
Trending Top 5
Market News Topics

Late Equity Roundup: Extending Highs, SPX Nears Resistance

US STOCKS
HomepageEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income NewsForeign Exchange News
Stocks adding to Thu's huge post-CPI relief rally, SPX nearing technical resistance as it extends rally in late trade, Energy, Communication Services and Consumer Discretionary outperforming. SPX eminis currently trading +44.75 (1.13%) at 4006.5; DJIA +52.86 (0.16%) at 33772.25; Nasdaq +231.6 (2.1%) at 11346.96.
  • SPX cleared a key resistance at 3928.00, the Nov 1 high Thu -- strengthening short-term bullish condition and price has establishing a sequence of higher highs and higher lows on the daily scale. This signals scope for gains towards 4023.44 next, a Fibonacci retracement.
  • SPX leading/lagging sectors: Energy (+3.23%) sector lead by oil and gas shares: Occidental Petro (OXY) +5.60%, Phillips66 +5.46%, Devon Energy (DVN) +4.20%. Next up: Communication Services (+2.95%) lead by media and entertainment shares: Paramount +14.48%, WBD +10.5%, DIS +4.95%, NFLX +5.3%. Laggers: Health Care (-1.66%), Utilities (-1.36%) and Consumer Staples (-0.59%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +8.07 at 386.38, Nike (NKE) +7.19 at 106.68, Home Depot (HD) +5.15 at 316.85. Laggers: United Health (UNH) - 30.40 at 513.77, Amgen (AMGN) -7.20 at 283.73, JNJ -5.57 at 168.96.
173 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
Stocks adding to Thu's huge post-CPI relief rally, SPX nearing technical resistance as it extends rally in late trade, Energy, Communication Services and Consumer Discretionary outperforming. SPX eminis currently trading +44.75 (1.13%) at 4006.5; DJIA +52.86 (0.16%) at 33772.25; Nasdaq +231.6 (2.1%) at 11346.96.
  • SPX cleared a key resistance at 3928.00, the Nov 1 high Thu -- strengthening short-term bullish condition and price has establishing a sequence of higher highs and higher lows on the daily scale. This signals scope for gains towards 4023.44 next, a Fibonacci retracement.
  • SPX leading/lagging sectors: Energy (+3.23%) sector lead by oil and gas shares: Occidental Petro (OXY) +5.60%, Phillips66 +5.46%, Devon Energy (DVN) +4.20%. Next up: Communication Services (+2.95%) lead by media and entertainment shares: Paramount +14.48%, WBD +10.5%, DIS +4.95%, NFLX +5.3%. Laggers: Health Care (-1.66%), Utilities (-1.36%) and Consumer Staples (-0.59%).
  • Dow Industrials Leaders/Laggers: Goldman Sachs (GS) +8.07 at 386.38, Nike (NKE) +7.19 at 106.68, Home Depot (HD) +5.15 at 316.85. Laggers: United Health (UNH) - 30.40 at 513.77, Amgen (AMGN) -7.20 at 283.73, JNJ -5.57 at 168.96.