CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

CANADA JOBLESS RATE +6.8% VS FORECAST +6.6%, PRIOR +6.5%

MNI China Daily Summary: Friday, December 6

MNI: PBOC Net Drains CNY288.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1848 Fri; -1.64% Y/Y

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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

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

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Nasdaq and politics

EQUITIES

Nasdaq futures pare some of its overnight and momentum selling during the morning busy European morning session.

  • Tech stocks are under pressure, on the likelihood of a double Dem Georgia wins.
  • Desks and investors are concerned on policy related key issues, such as antitrust law and net neutrality.
  • Biden in his mandate pointed out to 4 priorities, as soon as he takes office. Covid, economic recovery, racial equity, and climate change.
  • Although tech was mentioned,, the focus here was more on expanding Internet access, than regulation on the bit tech,
  • Forward outlook is still unclear, but worth remembering that Internet companies have been some of Biden's top donors.
  • Technically: Further downside traction in NQH1, would eye support at the 21st Dec double bottom (hourly chart) at 12461
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

To read the full story

Close

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.