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MNI INTERVIEW: Canada Budget Keeps BOC On Pause: Ex Official

MNI BRIEF: Highlights of Canada Debt Strategy

CANADA BUDGETS CAD40.1B DEFICIT IN FISCAL 2023-24

Coming Up In The Asia-Pac Session On Wednesday

SARB Watch

EZ/UK Bond Supply Calendar: GR Synd Expected, PT Buyback Wed

MNI BRIEF: FDIC To Conduct Review Of Deposit Insurance

MNI BRIEF: Fed's Barr: Will Use All Tools To Keep Banks Safe

(RPT)MNI INTERVIEW:Ex-FDIC Chair Downplays Bank Contagion Risk

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Stocks Edge Through Overnight Lows, But Uptrend Remains Intact

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  • US equity futures manage to slip below the earlier lows, putting the e-mini S&P at 4104.00 and making for a 2.5% pullback off the FOMC highs last Wednesday.
  • The communication services and material sectors are leading the way lower as soft energy prices and sour earnings releases (Tyson Foods, Activision Blizzard) weigh at the margins. Gold miners (namely Newmont) are particularly impacted, although the company is sliding on M&A reports rather than the pullback in the gold price itself.
  • The NYSE TICK Index shows sales programs at 1032ET, 1016ET adding the pressure - with no headlines or underlying driving for stock markets at present.
  • Despite the Monday pullback, the over-arching uptrend in the e-mini S&P keeps prices above first support at the 20-day EMA at 4040.48.
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  • US equity futures manage to slip below the earlier lows, putting the e-mini S&P at 4104.00 and making for a 2.5% pullback off the FOMC highs last Wednesday.
  • The communication services and material sectors are leading the way lower as soft energy prices and sour earnings releases (Tyson Foods, Activision Blizzard) weigh at the margins. Gold miners (namely Newmont) are particularly impacted, although the company is sliding on M&A reports rather than the pullback in the gold price itself.
  • The NYSE TICK Index shows sales programs at 1032ET, 1016ET adding the pressure - with no headlines or underlying driving for stock markets at present.
  • Despite the Monday pullback, the over-arching uptrend in the e-mini S&P keeps prices above first support at the 20-day EMA at 4040.48.