MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI BRIEF: PBOC Increases Gold Reserves

MNI BRIEF: Japan Q3 GDP Revised Up On Net Exports, Capex

CORRECTED-MNI: Fed's Hammack-Near Or At Time To Slow Rate Cuts

MNI BRIEF: Fed's Goolsbee Sees Rates Fair Bit Lower In A Year

MNI China Daily Summary: Friday, December 6

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

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 Surge to Narrow Gap With Alltime Highs

EQUITIES
  • Wall Street moved in harmony with global equities Tuesday, putting the S&P500 higher by over 2% and well within striking distance of the alltime highs posted mid-November at 4744. The tech sector led gains, with semiconductors a particular bastion of strength as markets continue to price out the likelihood of broad activity restrictions in the face of the new COVID variant.
  • Notable individual performers included AutoZone, NVIDIA and Etsy, all of which rallied 6% or more. All sectors traded higher, but defensive names including consumer staples and utilities lagged slightly.
  • In futures space, the e-mini S&P added close to 100 points, nearing first resistance of 4740.50 - the Nov 22 high and bull trigger.
  • Europe outperformed their US counterparts, with the EuroStoxx50 higher by over 3% into the close to enjoy the best session of the year so far. The move prompted the index to close the gap opened at end-November and erase the entirety of the omicron variant-inspired sell-off.
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News
Homepagemarkets-real-timeEquitiesBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market NewsBank of America Market News

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.