Free Trial

Rotation Out Of Tech Continues

EQUITIES

Global equities continue to gain steam in the wake of Monday's Pfizer vaccine news, with one notable sectoral exception: tech (NASDAQ futures lower for instance), as investors rotate out of tech stocks.

  • Asian stocks closed mixed, with Japan's NIKKEI up 65.75 pts or +0.26% at 24905.59 and the TOPIX up 18.9 pts or +1.12% at 1700.8. China's SHANGHAI closed down 13.586 pts or -0.4% at 3360.148 and the HANG SENG ended 285.31 pts higher or +1.1% at 26301.48
  • European equities are broadly higher, with the German Dax down 21.15 pts or -0.16% at 13097.09, FTSE 100 up 80.13 pts or +1.3% at 6187.49, CAC 40 up 75.5 pts or +1.41% at 5327.74 and Euro Stoxx 50 up 19.24 pts or +0.56% at 3413.43.
  • U.S. futures are mixed, with the Dow Jones mini up 182 pts or +0.63% at 29238, S&P 500 mini up 3.25 pts or +0.09% at 3547.25, NASDAQ mini down 96.25 pts or -0.81% at 11724.5.

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.