Free Trial

Tech sector is the worst early performer

EQUITIES
  • Although off their lows US and EU Equities remain under pressure on both sides of the Atlantic
  • Tech is also the worst performing sector in Stoxx600, down 1.9%, with Equity desks pointing at the NVIDIA reversal, falling over 5%, and down 1.40% pre US open in early trade.
  • SX8P saw a decent downside gap on the cash open, and some Investors will look at 852.09, the March low for initial support.

Chart source: MNI/Bloomberg.

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.