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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.
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Free AccessMNI ASIA OPEN: Early Geopol Risk Roils, Focus Turns To Fed
MNI ASIA MARKETS ANALYSIS: South Korea Rescinds Martial Law
Stocks Return Lower After Fearsome Late Monday Rally
- Wall Street opened lower and maintained losses through the London close, with markets trimming a sizeable portion of the fearsome rally seen late Monday. As was the case earlier in the week, tech and growth names led the weakness, with the NASDAQ underperforming both the S&P500 and Dow Jones.
- As a result, tech and consumer discretionary names were at the bottom of the pile, while more defensive healthcare and financials names were better off.
- The energy sector sits at the top of the sector breakdown, with a recovery in oil prices (in part due to the continued geopolitical unrest in eastern Europe) flattering margins and driving shares higher.
- Earnings remain a key driver, with solid updates from Johnson & Johnson, American Express and IBM putting those respective shares at the top end of the S&P 500, with focus now turning to Microsoft after-market.
To read the full story
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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.