FREELAND: CANADA WON'T ESCALATE OR BACK DOWN ON US TRADE FIGHT

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK T-Bill Calendar: 8/13/28/50-Week BTF Auction on Monday

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

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

Recent Eurostoxx50 Pullback Appears Corrective

EQUITIES
The uptrend in S&P E-Minis remains intact and the contract has traded to a fresh cycle high today. Recent gains have resulted in a break of a key resistance at 5333.50, the Apr 1 high. This confirmed a resumption of the primary uptrend and has signalled scope for a climb to 5372.73. A bullish theme in Eurostoxx 50 futures remains intact and the recent pullback appears to be a correction. The contract has recently cleared key resistance at 5079.00, the Apr 2 high, to confirm a resumption of the uptrend.
  • Japan's NIKKEI closed higher by 486.12 pts or +1.26% at 39103.22 and the TOPIX ended 17.39 pts higher or +0.64% at 2754.75.
  • Elsewhere, in China the SHANGHAI closed lower by 42.153 pts or -1.33% at 3116.387 and the HANG SENG ended 326.84 pts lower or -1.7% at 18868.76.
  • Across Europe, Germany's DAX trades higher by 41.05 pts or +0.22% at 18715.76, FTSE 100 lower by 15.55 pts or -0.19% at 8357.69, CAC 40 up 21.5 pts or +0.27% at 8114.07 and Euro Stoxx 50 up 24.4 pts or +0.49% at 5049.63.
  • Dow Jones mini down 5 pts or -0.01% at 39786, S&P 500 mini up 25.75 pts or +0.48% at 5354, NASDAQ mini up 156.25 pts or +0.83% at 18943.25.
Credit BulletsHomepagemarkets-real-timeCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Credit BulletsHomepagemarkets-real-timeCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed 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.