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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: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
Tech Sector Soft as Apple, Amazon Add Post-Earnings Weight
- Stock markets traded mixed Friday, with tech indices underperforming thanks to poor turnouts from the likes of Amazon and Apple, who both traded lower by around 3% apiece post-earnings.
- Despite Friday's modest weakness, S&P E-minis remain bullish. Futures rallied Tuesday this week and registered a fresh all-time high. This confirms a resumption of the uptrend and the focus ison 4591.25, a Fibonacci projection.
- Trend signals such as moving average studies remain in a bull mode reinforcing current trend conditions. A key support is at 4317.25, Oct 12 low. The 50-day EMA at 4436.22 represents the initial firm support handle.
- European stocks were more mixed, with French and Spanish indices making decent progress, while the FTSE-100 and DAX finished with minor losses.
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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.