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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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Free AccessStocks Bounce Sharply, Dip Buyers Out in Force
- Following the softer finish on Tuesday, markets are rebounding on the continent, helping to boost European markets higher by over 1% apiece. The EuroStoxx50 is outperforming, rising by close to 1.5% while France's CAC-40 lags slightly, but still trades higher by 0.9% or so.
- In contrast to yesterday's weakness, Europe's tech sector is leading, with materials and industrials also strong. This reversal in sentiment is clearly helping fuel US futures, with the NASDAQ future indicating a strong open later today.
- Dip buying in the late US session helped support prices well ahead of the Apr 20 low and key support at 4110.50, keeping the outlook positive despite near-term volatility.
- T-Mobile US, PayPal and General Motors are among the earnings highlights Wednesday.
To read the full story
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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.