MNI BRIEF: EC Sees Slight 2025 Euro Fiscal Contraction

BOC'S MENDES SEES US TARIFF INFLATION RISKS AS TWO-SIDED

MNI: BOC Sees More Rate Cuts If Economy Evolves As Expected

MNI China Daily Summary: Tuesday, November 26

MNI BRIEF: China Supports Globalisation Despite Turbulence

MNI: PBOC Net Injects CNY11.0 Bln via OMO Tuesday

MNI: US OCT NEW HOME SALES -17.3% TO 0.610M SAAR

MNI: US Q3 FHFA HPI Q/Q SA +0.7% V +4.3% Q3 2023

MNI:US SEP FHFA HPI SA +0.7% V +0.4% AUG; +4.4% Y/Y

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

MNI EXCLUSIVE: German Turmoil Dashes EU's Joint-Funding Hopes -Officials

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

S&P Extends Bull Cycle

EQUITIES

S&P E-Minis have traded higher this week as the contract extends the bull cycle from Apr 19. Bullish trend conditions remain intact. Recent gains have resulted in a break of key resistance at 5333.50, Apr 1 high. This confirms a resumption of the primary uptrend and signals scope for a climb to 5372.73. Eurostoxx 50 futures maintain a bullish tone despite yesterday’s pullback. This week’s gains resulted in a break of key resistance at 5079.00, the Apr 2 high, to confirm a resumption of the uptrend and maintain the price sequence of higher highs and higher lows.

  • Japan's NIKKEI closed lower by 132.88 pts or -0.34% at 38787.38 and the TOPIX ended 8.08 pts higher or +0.3% at 2745.62.
  • Elsewhere, in China the SHANGHAI closed higher by 31.625 pts or +1.01% at 3154.026 and the HANG SENG ended 177.08 pts higher or +0.91% at 19553.61.
  • Across Europe, Germany's DAX trades lower by 56.99 pts or -0.3% at 18681.94, FTSE 100 lower by 23.92 pts or -0.28% at 8414.73, CAC 40 down 33.82 pts or -0.41% at 8156.64 and Euro Stoxx 50 down 17.35 pts or -0.34% at 5055.75.
  • Dow Jones mini down 24 pts or -0.06% at 39988, S&P 500 mini down 1.5 pts or -0.03% at 5318.75, NASDAQ mini down 0 pts or 0% at 18648.
Credit BulletsHomepagemarkets-real-timeCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange Bullets
Credit BulletsHomepagemarkets-real-timeCreditEquitiesAT&T Market NewsBank of America Market NewsBulletMarketsFixed 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.