MNI BRIEF: BOC Cutting To 3% Next Year, Ex Governor Dodge Says

MNI BRIEF: Output Gap Shut, Wage Growth Too Fast - BOE Greene

BRIEF: EU-Mercosur Deal In Final Negotiations - EC

MNI China Daily Summary: Thursday, Dec 5

MNI BRIEF: China Construction Output Slows In November

MNI: PBOC Net Drains CNY153 Bln via OMO Thursday

US EIA:NAT GAS STORAGE -30 BCF TO 3,937 BCF NOV 29 WK

MNI: CANADIAN OCT TRADE BALANCE CAD -0.9 BILLION

MNI: US OCT TRADE GAP -$73.8B VS SEP -$83.8B

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 Shake Off Unsteady Start

EQUITIES
  • Stock markets globally started Monday poorly, with futures all down sharply in initial Monday trade. This sentiment soon reversed, however, with a swift recovery in US equities helping underpin a global rebound. The Sep-21 E-mini S&P topped out at 4209.75. The Friday high at 4220.00 remains the next level to look out for.
  • Energy names are driving markets higher here, with the sector higher by 3.3% in the S&P500, as new cycle highs for WTI crude futures underpin (recall BofA this morning upped their forecast for crude to $100/bbl next year).
  • Industrials and financials are similarly firm, the latter benefiting from the modest re-steeping of the Treasury curve.
  • A break north of 4220.00 for the e-mini S&P exposes the Jun 15 high at 4258.25 ahead of 4264.41, the 1.618 proj of Mar 25 - May 10 - 13 price swing
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.