Free Trial

Stocks Firmer, Keeping Alltime Highs Under Pressure

EQUITIES
  • Core European markets are almost uniformly higher at the midpoint, with Spanish and French markets outperforming. Europe's communication services, energy and real estate sectors are leading the way higher, with tech and financials slightly lagging. A modest flattening of most core European sovereign curves has worked against the larger continental bank names.
  • US futures are higher, with the e-mini S&P adding a few points to keep the outlook tilted higher. Yesterday's 4707 print is the first target ahead of Friday's alltime high at 4711.75.
  • Focus turns to today's PPI data ahead of tomorrow's CPI release. The litany of Fed speakers will also take focus, with topics ranging from inequality to diversity to banking supervision.

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.