Free Trial
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.
EQUITIES
- Global equity markets are uniformly lower ahead of the Thursday US open, with the EuroStoxx50 future shedding over 5%. Perhaps unsurprisingly, sentiment in Russian equities is the most hard hit, with the MOEX Index off as much as 50% on the week at some points of the session.
- Banks and European financials are leading the decline, with the EuroStoxx Bank Index off over 8% at pixel time. Firms with particular Russian exposure are seeing the most acute losses, with the likes of Raiffeisen Bank and Polymetal International seeing the most notable losses.
- the S&P E-minis technical condition remains bearish and a strong impulsive sell-off has resumed once again today. The move lower has resulted in a break of support at 4212.75, the Jan 24 low, resulting in fresh lows for the year and a resumption of the current bearish cycle. The focus is on the 4100.00 handle and 3990.50, 0.764 proj of the Jan 4 - 24 - Feb 2 price swing.
EuroStoxx Bank Index dives, hits new YTD lows:
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok