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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.
STOCKS
- ESZ2 hit session highs of 3802.5 following softer than expected JOLTS openings and has held close to it ever since with real yields moving off session lows.
- It hovers further below next resistance at the 20-day EMA of 3816.53 following an extension of the important short-term reversal after yesterday’s candle pattern was a bullish engulfing line.
- As has been the case for some time, US real yields continue to dominate, with the 10Y real is -7bps for -30bp over two days in a sharp reversal of a similarly sized climb late last week.
- SPX is up 2.7%, led by energy (+4.0%), financials (+3.5%) and materials (+3.5%) with consumer staples (+1.1%) and real estate (+1.4%) lagging. NASDAQ sees modest outperformance with +3.1%.
ESZ2 (white) and inverted US 10Y real yield (yellow)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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