MNI BRIEF: US May Existing Home Sales Pace Falls 0.7% To 4.11M

MNI INTERVIEW2: Uninsured Bank Deposits Still Vulnerable-Bair

CANADA APR RETAILS +0.7%, MATCHING FORECAST, PRIOR -0.3%

MNI BRIEF: China Hopes EU To Ease Frictions Via Negotiations

MNI: PBOC Net Injects CNY8 Bln Via OMO Fri; Rates Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1196 Fri; -1.41% Y/Y

US EIA:NAT GAS STORAGE +71 BCF TO 3,045 BCF JUN 21 WK

Riksbank Data Watch

MNI: US NAR: MAY EXISTING HOME SALES 4.11M SAAR

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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

Stock Weakness Deemed Corrective Post-CPI

EQUITIES
Credit BulletsHomepagemarkets-real-timeCreditEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News

The trend condition in S&P E-Minis is unchanged and remains bullish. The recent move down highlights a short-term corrective cycle and last week's sell-off plus yesterday’s move lower, reinforces this condition. The primary uptrend in Eurostoxx 50 futures remains intact and recent weakness is considered corrective. The move down is allowing an overbought condition to unwind.

  • Japan's NIKKEI closed lower by 139.18 pts or -0.35% at 39442.63 and the TOPIX ended 4.17 pts higher or +0.15% at 2746.96.
  • Elsewhere, in China the SHANGHAI closed higher by 6.911 pts or +0.23% at 3034.246 and the HANG SENG ended 44.14 pts lower or -0.26% at 17095.03.
  • Across Europe, Germany's DAX trades lower by 15.23 pts or -0.08% at 18083.09, FTSE 100 lower by 11.78 pts or -0.15% at 7949.61, CAC 40 up 30.11 pts or +0.37% at 8075.59 and Euro Stoxx 50 up 1.17 pts or +0.02% at 5002.02.
  • Dow Jones mini down 31 pts or -0.08% at 38723, S&P 500 mini down 4.75 pts or -0.09% at 5204, NASDAQ mini down 4.5 pts or -0.02% at 18196.
173 words

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.

The trend condition in S&P E-Minis is unchanged and remains bullish. The recent move down highlights a short-term corrective cycle and last week's sell-off plus yesterday’s move lower, reinforces this condition. The primary uptrend in Eurostoxx 50 futures remains intact and recent weakness is considered corrective. The move down is allowing an overbought condition to unwind.

  • Japan's NIKKEI closed lower by 139.18 pts or -0.35% at 39442.63 and the TOPIX ended 4.17 pts higher or +0.15% at 2746.96.
  • Elsewhere, in China the SHANGHAI closed higher by 6.911 pts or +0.23% at 3034.246 and the HANG SENG ended 44.14 pts lower or -0.26% at 17095.03.
  • Across Europe, Germany's DAX trades lower by 15.23 pts or -0.08% at 18083.09, FTSE 100 lower by 11.78 pts or -0.15% at 7949.61, CAC 40 up 30.11 pts or +0.37% at 8075.59 and Euro Stoxx 50 up 1.17 pts or +0.02% at 5002.02.
  • Dow Jones mini down 31 pts or -0.08% at 38723, S&P 500 mini down 4.75 pts or -0.09% at 5204, NASDAQ mini down 4.5 pts or -0.02% at 18196.