Free Trial

US cash markets open in minor positive.....>

EQUITIES
EQUITIES: US cash markets open in minor positive territory, with the three main
indices higher by 0.1-0.5%. The e-mini S&P remains in the green but is well
below both the overnight and yesterday's highs at 3157.75 and 3167.25. Prices
bounced well off the 100-dma at the beginning of the week, which remains key
support on any pullback at 2934.48.
- Energy and utilities names are in retreat, with tech and consumer
discretionary at the top of the board to make up a mixed sectoral breakdown so
far.
- Home improvement and housebuilding names are the outperformers so far, with
Lowe's and Home Depot trading well as well as software & entertainment names
including Netflix, Electronic Arts and Activision Blizzard.
- Oil and gas names are among the largest fallers today, with Apache, Noble
Energy and Valero all lower.
- The VIX is rangebound, sitting well within recent ranges either side of 33
points today.

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.