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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.
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Free AccessMNI BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
Stocks Green Following Choppy Post-CPI Session
- US equity markets trading uniformly higher in the close, but the price action was far from one-directional. Stock futures initially dipped on a higher-than-expected CPI print as markets priced in a trickier outlook for the Fed, but this swiftly reversed as re-opening sectors showed evidence that price rises were decelerating.
- With this supporting the Fed's theory that inflation is transitory, equities resumed their upward trajectory, resulting in the e-mini S&P hitting a new all-time high of 4249.00.
- Healthcare and consumer staples were the strongest sectors, while financials and industrials were the only sectors to reside lower. Notable stock movers included Biogen, who rallied sharply on positive drug news, while Electronic Arts slipped on news that hackers had obtained certain source codes for upcoming releases.
- The VIX saw some support following the CPI release, but swiftly reversed course into the close, trading well within range of post-pandemic lows.
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.