Free Trial

Stocks Off Lows, But Bounce is Shallow

EQUITIES

Equities across continental Europe and futures in the US are stronger, but the bounce leaves little to be desired when compared to Monday's initial sharp rally.

Peripheral European markets outperform, with Italian and Spanish indices higher by 0.6-1.2%, while UK's FTSE-100 lags on GBP strength.

Tech firms are outperforming in Europe in a further reversal of the reflation trades that made up much of the activity on Monday. Financials and utilities aren't far behind.

The e-mini S&P recovery touched 3569.00 this morning before fading slightly - resistance is seen firmer headed into 3576.75, the late Nov 11 highs.

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.