MNI: SPAIN NOV SRVCS PMI 53.1 (FCAST 53.3); OCT 54.9

MNI BRIEF: China Must Quicken Reforms To Boost Domestic Demand

MNI: PBOC Net Drains CNY227 Bln via OMO Wednesday

MNI: PBOC Sets Yuan Parity Lower At 7.1934 Weds; -1.91% Y/Y

MNI BRIEF: Fed's Goolsbee Sees Rates Down 'Fair Amount' In '25

MNI BRIEF: December Fed Cut 'Absolutely Not' Off Table - Daly

MNI: AUSTRALIA Q3 GDP +0.3% Q/Q

EZ/UK T-Bill Calendar: Greece, EU Auction on Wednesday

EZ/UK Bond Supply Calendar: UK, Germany Auction on Wednesday

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

Stocks Reverse Gains After London Close

EQUITIES
  • Equity markets started the session well, but sentiment soured after the London close, with the e-mini S&P returning to negative territory to chew through the late Friday gains.
  • Some geopolitical risk may have been reflected in equity prices, as selling pressure accelerated on Iranian Press TV headlines stating that the country will "give a strong and crushing response to any measures against its interests and national security". The statement followed an attack last week on an Israeli-operated tanker in the Gulf of Oman.
  • Materials and consumer staples were the poorest performers, undermining the early rally, with metals miners seeing particular weakness. Markets revised lower global commodities demand on the poor outturn from Chinese and US PMI figures, weighing on industrial metals.
  • European trade was more positive, with cash markets closing higher by 0.2-1.0%. French and Spanish stocks outperformed, while Germany's DAX lagged slightly.
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.