MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

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

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

Stocks Resume Slide as Ukraine Crisis Seen Here to Stay

EQUITIES
  • Equity markets traded wholly negatively Tuesday, with both Wall Street and European indices slipping as markets took the view that the Ukraine crisis will extend into the coming weeks as Russia's hopes of a swift incursion looked misplaced.
  • The S&P 500 and Dow Jones slipped 1.5% apiece, with Europe's proximity to Russia prompting some underperformance, putting the EuroStoxx50 off over 4% at the close.
  • The EuroStoxx Bank Index was a particular point of weakness, with the SX7E hitting another YTD and erasing the gains seen since July last year and extending losses from the 2022 high to around 25% - thereby putting the index in a bear market.
  • This sentiment was mirrored in the S&P500, with financials leading the way lower alongside materials and industrials. The energy sector was the sole group of shares to trade higher, following WTI and Brent crude futures - both of which traded at a new cycle high and the best levels since 2014.
  • Yesterday's opening gap lower undercuts as next support for the e-mini S&P at 4251.75.
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News

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.