Free Trial

Stocks Resume Slide Shortly Following Opening Bell

EQUITIES
  • Sell-off in US equities resuming in recent trade shortly following the Wall Street opening bell. E-mini S&P now narrowing in on the overnight lows after trading solidly throughout European hours.
  • 4476.25/4477.50 marks first intraday support with the 20-day EMA having helped hold up prices previously.
  • No news drivers or headline catalysts to drive the latest move, with real estate and utilities remaining the poorest performing sectors.
  • Move is largely contained to equities at present, with no real follow through across either fixed income or currency markets.

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.