Free Trial

Stock markets in Europe remain in the......>

EQUITIES
EQUITIES: Stock markets in Europe remain in the red ahead of the Tuesday cash
open, with US futures also lower and indicating a negative open in just under 30
minutes. E-mini S&P was under pressure for much of the Tuesday morning, eating
through some of the late Monday gains - but has since recovered to trade just
above 3,040.
- On the continent, energy, healthcare and financials are leading declines, with
just real estate, utilities and tech firms in the green at the halfway point.
- Focus turns to MNI Chicago Business Barometer, US consumer confidence data for
June and an appearance by Fed's Powell and Treasury Secretary Mnuchin in front
of the House Financial Services Committee later today.
- 200-dma at 3019.44 provides first support for e-mini S&P today, and a break
through there opens yesterday's weekly low at 2983.50. Friday's highs at 3082
are the initial upside target.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.