MNI BRIEF: Fed's Collins Sees Sept or Dec Cut This Year

MNI BRIEF: Fed's Collins Urges Patience On Judging Inflation

CORRECTED: MNI BOE WATCH: On Hold And Splits Set To Continue

MNI China Daily Summary: Tuesday, June 18

MNI: PBOC Net Injects CNY84 Bln Via OMO Tues; Rates Unchanged

CHINA PBOC CONDUCTS CNY86 BILLION VIA 7-DAY REVERSE REPOS TUES

MNI: US TSY TICS NET FLOWS IN APR +$66.2B

US Treasury Auction Calendar

Notable Moderation In PCCI In May, But Services Persistence Still Noted

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Stocks Off Lows, But Mixed Performance

EQUITIES
  • US stock futures recovered well off the Asia-Pac session lows, with the e-mini S&P climbing well back above the 3,900 mark. Nonetheless, both Tuesday's and the week's highs are out of reach for now.
  • This translated to a mixed performance in cash markets, with the S&P 500 rising around 0.5%, while tech-led NASDAQ lagged, slipping around 0.7% ahead of the close.
  • US energy names led the way higher, with the surging oil price (WTI +5%) helping boost names that had suffered in recent sessions, explorers and oil services firms were among the main beneficiaries. At the other end of the index, communication services and consumer discretionary lagged. The likes of Viacom CBS fell sharply on a stock offering announcement as the company look to raise funds for streaming content.
  • In Europe, Germany's DAX fell while Spain's IBEX-35 outperformed for a second session. The index closed higher by 0.6%.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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.