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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.
US STOCKS
- The S&P e-mini continues to extend gains, touching a session high of 4607.5 (+0.5%) as it nears resistance despite a grinding higher in real yields.
- Next resistance is seen at last week’s high of 4609.25 after which lies a bull channel top drawn off the Mar 13 low with an intersection at 4622.12.
- SPX gains on the day are led by materials (+1.9%), IT (+1.4%) and energy (+1.0%) whilst real estate (-0.4%) and financials (-0.3%) lag. Financials is weighed by banks -0.6% after yesterday’s outperformance, although the separate KBW series shows a distinct split between regionals (+0.7%) and others (-0.5%).
- Nasdaq outperforms (+1.0%) whilst the Dow lags (+0.3%), ahead of key earnings after the close today, including Microsoft & Alphabet. See here: https://roar-assets-auto.rbl.ms/files/54818/MNIUSEARNINGS240723.pdf
Source: Bloomberg
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.
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