Free Trial

Stocks Modestly Softer Shortly Following the Open

EQUITIES
  • European equity trade a touch negative shortly following the open, with France's CAC-40 underperforming slightly (off 0.3%). Spain's IBEX-35 hold just above water, but is edging lower at typing.
  • Europe's energy sector is worst off, with the likes of Royal Dutch Shell, BP and Repsol all lower as oil benchmarks hold close to recent lows.
  • Defensive healthcare and utilities names are making gains, underscoring the modest risk-off feel that's been present in markets from the Monday open.
  • The US consumer remains a focus for the Wednesday session, with Lowe's, Target and TJX earnings all due today following on from Walmart's report yesterday.

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.