MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: ECB Should Be Close To 2% In Next Quarters -Centeno

MNI: PBOC To Aim To Drive Inflation Higher- Advisors

MNI: China To Issue More Bonds As Stimulus Targets Consumption

MNI BRIEF: China Nov M1 Decline Narrows, M2 Slows

EZ/UK Bond Supply Calendar: 4.125% Jul-29 Gilt Due on Tuesday

MNI: CANADA OCT WHOLESALE SALES +3.3%; EX-AUTOS +0.5%

MNI: US NOV IMPORT PRICES +0.1%

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Stocks Bounce, But Shy of Resistance

EQUITIES
  • Stocks bounced Tuesday, with Wall Street adding over a 1% for all the three main indices as equities staged a shallow recovery. Strength was seen from the opening bell onwards, with the e-mini S&P extending the recovery off the overnight lows to over 85 points. The Friday/Monday highs are next up at 4365.75/4362.00, marking first resistance. The move higher in stock markets coincided with a grind higher across Treasury yields (10y yields hit the best levels of the week) as well as USD/JPY, which briefly topped 111.50.
  • Energy and financials were the initial gainers on Wall Street, with solid oil prices buoying refiners and explorers, while the steeper US curve favoured bank names.
  • These sectors were swiftly usurped by tech and communication services however, with a sharp rally off the lows in the likes of Facebook and Twitter largely responsible. This put the NASDAQ-100 ahead of bluechip S&P500 and Dow Jones indices.
Homepagemarkets-real-timeEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market News
Homepagemarkets-real-timeEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market News

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.