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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 Slide, With E-mini S&P Testing Key Support
- Stock markets traded uniformly lower on Tuesday, with early European and Asian losses feeding directly into a negative open at the Wall Street opening bell. Losses were evident throughout the session, with sizeable programmatic selling seen from the off, as markets adjust for the possibility of tighter Fed policy as soon as next week.
- The risk-off theme is consistent through the sectoral breakdown, with financials sliding sharply (led by Goldman Sachs, off 7.7% on poor earnings) alongside tech and consumer discretionary names.
- This has put the e-mini S&P briefly below the 100-dma of 4570.6, seen as a level of key support for stocks (held price action well through multiple dips in December) and a confirmed break would open 4520.25 and 4492.00. The index is now around 5% off the alltime highs posted on Jan4th.
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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.