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

S&P 500 Rallies for Third Consecutive Session

EQUITIES
  • Stocks traded higher for a third session Thursday, extending the recovery off the Monday low to over 5% for the S&P 500. Energy and materials names led gains, with rallies in both oil and metals markets flattering perceived margins.
  • Gains, however, were broad based, with all major sectors of the S&P 500 in the green, as equities added to the post-Fed gains and looked through both Russia and Ukraine shrugging off reports earlier in the week of 'substantial progress' made between negotiating teams.
  • Despite the uptick in stock markets this week, the trend in the S&P E-Minis remains bearish. The 20-day EMA has been breached and the clear break suggests scope for a stronger short-term recovery. This has opened the 50-day EMA at 4397.83 - a key resistance area. On the downside, the bear trigger is unchanged at 4094.25, the Feb 24 low.
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America 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.