MNI: US NOV FINAL MANUF PMI 49.7 (FLASH 48.8); OCT 48.5

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

MNI: UK NOV FINAL MANUF PMI 48.0 (FLASH 48.6); OCT 49.9

MNI NBP WATCH: Another Policy Hold, Dovish Communications Tilt

MNI: PBOC Net Drains CNY216 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1865 Mon; -1.50% Y/Y

EZ/UK T-Bill Calendar: Spain, Belgium, ESM Auction on Tuesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Tuesday

MNI: US OCT CONSTRUCT SPENDING +0.4%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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Late Equity Roundup: Shrugging Off Data Event Risk

US STOCKS
  • Stocks are close to revisiting midday highs in late trade, DJIA is currently up 230.55 points (0.68%) at 34175.19, S&P E-Mini Future up 16.75 points (0.38%) at 4460.75, Nasdaq up 30.4 points (0.2%) at 13716.25.
  • Leading gainers: Energy sector continues to lead Tuesday's gainers on the back of strong crude prices (WTI +1.90 at 74.89). Equipment and Servicer shares leading w/ Haliburton + 4.5%, Schlumberger +4.3% and Baker Hughes +2.50%.
  • Meanwhile Financials sector outpaces Industrials in the second half with banks outperforming: Key +3.65%, USB +3.5%, Comerica +3.25% and Citizens Financial Grp +3.15%.
  • Of note, Communication Services sector remained strong, buoyed by shares of Activision +10.1% as courts allow Microsoft acquisition to go forward -- barring FTC injunction. Other leading gainers: Electronic Arts +5.05%, Paramount Global +3.60% and Omnicom Grp +3.35%.
  • Laggers: Health Care, Information Technology and Consumer Staples underperformed, semiconductor shares weighing on IT: Applied Materials -4.5%, KLA Corp -3.1%, Advanced Micro Devices -3.0%.
  • The technical/bull theme in S&P E-minis bull theme remains intact. Attention is on the first support 4415.05, the 20-day EMA. Clearance of this level would strengthen a bearish threat and expose 4368.50, the Jun 26 low and a key support. The bull trigger is at 4498.00, the Jun 16 high. A clear breach of this level would confirm a resumption of the uptrend and open 4532.08, a Fibonacci projection.
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