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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 AccessStocks Within Range of ATH as Recovery Extends
- The equity recovery continues apace ahead of the Thursday open, with the e-mini S&P now within range of the all-time highs posted mid-June at 4258.25. The 50-day EMA remains a reliable trend indicator and continues to successfully identify where demand interest in this contract lies, once a corrective cycle is underway. Key short-term support has been defined at 4126.75. A break would signal scope for a deeper decline.
- Across Europe, stocks are uniformly higher, with the Spanish IBEX-35 outperforming to trade with gains of 1.3% at the mid-point of the session. UK's FTSE-100 lags slightly, trading with shallower gains of 0.3%.
- Europe's Tech sector is leading the way higher, with financials and consumer discretionary firms not far behind. The laggards Thursday are communication services and real estate names.
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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.