MNI BRIEF: Fed Risks Soft Landing If It Doesn’t Cut - Goolsbee

MNI BRIEF: EU Parliament Backs Von Der Leyen For 2nd Term

MNI: ECB LEAVES KEY DEPOSIT RATE UNCHANGED AT 3.75%

MNI China Daily Summary: Thursday, July 18

MNI BRIEF: China To Upgrade Rural Land Reform: 3rd Plenum

MNI BRIEF: China's Third Plenum Eye's Deeper Financial Reform

MNI: FED BALANCE SHEET TOTAL ASSETS -$16B TO $7.208T IN WEEK

MNI: US TSY TICS NET FLOWS IN MAY +$15.8B

US Treasury Auction Calendar

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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

S&P Futs Hold Above Support

EQUITIES

Stocks / futures have stabilized following Thursday's reports that the US Biden administration will seek higher taxes to pay for new spending initiatives, including large capital gains rates.

  • In Europe cash, Health Care and Consumer Staples stocks have dragged indices lower. Materials stocks have outperformed on stronger base metals prices, but are still slightly in the red.
  • U.S. futures are a little higher vs Thursday's lows - our tech analyst notes support for S&P eminis at 4110.50, with resistance at 4183.50.
  • Asian stocks closed mixed, with Japan lower and China/HK higher.

Latest cash/futures levels:

  • German Dax down 61.51 pts or -0.4% at 15279.64, FTSE 100 down 35.7 pts or -0.51% at 6911.81, CAC 40 down 12.39 pts or -0.2% at 6265.44 and Euro Stoxx 50 down 15.71 pts or -0.39% at 4008.67.
  • Dow Jones mini up 36 pts or +0.11% at 33745, S&P 500 mini up 8.75 pts or +0.21% at 4136.5, NASDAQ mini up 26.25 pts or +0.19% at 13776.5.
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.