Free Trial

Stocks More Mixed But Futures Indicate a Higher US Open

EQUITIES
  • Markets are more mixed ahead of the NY open, with European indices trading either side of unchanged. The EuroStoxx50, CAC-40 and FTSE-100 sit just above unchanged, while Germany's DAX and Spain's IBEX-35 are in minor negative territory.
  • Europe's energy and healthcare sectors are the strongest performing names, while utilities and industrials counter at the bottom-end of the table.
  • US futures are more positive, with the e-mini S&P, NASDAQ and Dow Jones futures indicating a modestly positive open. S&P E-minis remain below recent highs following Tuesday reversal lower. The contract is back below the 50-day EMA - the average intersects at 4407.78 today. A deeper sell-off would highlight a bearish threat and the risk of a pullback towards the key support at 4293.75, Sep 20 low.

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.