Free Trial

Stocks Solid, Italy Outperforms as Draghi Heads For PM

EQUITIES

Stocks are once again solid, with continental stock markets higher by 0.3% for the FTSE-100, CAC-40 and as much as 2.5% for Italy. Reports that former ECB President Draghi is headed for the PM position in Italy has been greeted positively, with Italy's FTSE-MIB approaching the cycle highs printed in early January.

US futures trade higher once more, with the e-mini S&P higher by close to 15 points to again narrow the gap with alltime highs at 3862.25 printed on Jan26.

Earnings again remain a focus, with Amazon and Alphabet shares both higher pre-market after their respective releases yesterday. AbbVie, Biogen, Qualcomm and PayPal are among the key reports Wednesday.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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.