Free Trial

Stocks Float Higher Pre-Fed

EQUITIES
  • Equity market sentiment globally is more positive, with the re-opening of Chinese markets being well received despite concerns surrounding the property development sector.
  • European equities sit higher ahead of the NY crossover, with upside led by the UK's FTSE-100 and the France's CAC-40 which trade higher by 1.0% or more. Germany's DAX lags slightly, with gains of just 0.6% at pixel time.
  • Europe's energy and financials sectors are leading the gains, while healthcare, tech and utilities are the sole sectors in the red.
  • US futures are similarly positive, with the e-mini S&P on the front foot by 0.4-0.6%.
  • The e-mini S&P has recovered back above the 100-dma, but are yet to touch the Tuesday or Monday highs at 4395.75 and 4418.00 respectively.

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.