MNI: GERMANY OCT RETAIL SALES -1.5% M/M

MNI: GERMANY OCT EXPORT PRICE INDEX 0.3% M/M, 0.6% Y/Y

MNI BRIEF: Trump Tariffs To Push China, EU Cooperation - BOC

MNI: PBOC Net Drains CNY156.1 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Lower At 7.1877 Fri; -1.39% Y/Y

MNI BRIEF: China May Inject CNY1 Trln To Replenish Big Banks

MNI: SWEDEN Q3 GDP +0.7% Y/Y

MNI: SWEDEN OCT RETAIL SALES +0.9% Y/Y

MNI JAPAN NOV TOKYO CORE CPI +2.2% Y/Y; OCT +1.8%

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

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

Nudging Higher After Fed-Induced Volatility

US STOCKS
  • The S&P e-mini heads towards the end of the session nudging 0.1% higher, sitting at the high of the day’s range see with notable volatility through the FOMC press conference.
  • A rally in US rates early into the presser helped ESU3 jump ~30 points to a session high of 4610.75 in a test of 4609.25 (Jul 20 high) after which lay a bull channel top at 4627.50.
  • It then abruptly unwound the rally in a move that stood out compared to the relatively mild paring of gains at the same time in fixed income. Some attributed the sell-off to Powell not seeing inflation get back at 2% until about 2025 although that seemed to be pushing it and indeed the contact has since rallied back to ~4600.
  • A near unchanged day for SPX (-0.02% at the close) came with two distinct leaders and laggards, with communication services +2.65% and IT -1.3%. Alphabet played an important role, rising +5.7% on the day after yesterday’s post-close earnings beat expectations, whilst Amazon slipped -0.9% after Politico reported the US Federal Trade Commission is finalizing an antitrust lawsuit against it.
  • Banks have also seen a strong day though with PACW bouncing back strongly with a 27% gain after yesterday’s slump on the BANC advanced talks of buying it. It saw the KBW index rising 1.9% with regional banks +4.1%.
HomepageEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsFOMC Calendar Market News

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.