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Solid Start to the Week

EQUITIES
  • Stock markets across the US and Eurozone finished higher Monday in a solid start to the week. US indices traded poorly into the Friday close, so bulls will have taken solace from stocks' ability to bounce amid clear appetite from dip-buyers. The e-mini S&P needs to secure a close above the Friday highs at 4201.50 to open a further challenge on new all time highs at 4211.00.
  • Across the S&P500, energy and materials traded solidly. Further strength in commodities prices buoyed both sectors, with gains across oil, industrial and precious metals underpinning a share rally. Real estate was the sole sector in the red, with REITs coming under particular pressure.
  • Earnings remain a focus, although the pace of releases has slowed. Key reports due this week include Pfizer, General Motors, T-Mobile US and PayPal.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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