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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 BRIEF: China November PMI Rises Further Above 50
MNI US Macro Weekly: Politics To The Fore
US equities strike new recovery high as.......>
FOREX: US equities strike new recovery high as vaccine news welcomed
- News from Moderna after yesterday's close boosted sentiment throughout the
Wednesday session. This effect was compounded by a similar story for
AstraZeneca's product trial, with news expected to follow on Thursday. The
e-mini S&P rallied in early US hours to hit 3,233.25 - the highest since late
February and the beginning of the Coronavirus crisis.
- This resulted in firm CHF sales, pressing the currency to the bottom of the
G10 pile and boosting EUR/CHF to the best levels of the month at 1.0784.
- CAD was among the best performers Thursday despite the BoC hammering home that
rates won't rise until their inflation target is met. CAD and other oil-tied
currencies rose as OPEC reached a broad agreement to raise output given the
recovery in demand.
- Thursday is the busiest session of the week for equity earnings, with updates
due from Bank of America, Charles Schwab, Johnson & Johnson, Netflix, Morgan
Stanley and others. Weekly US jobs & retails sales cross as well as Australian
and UK jobs data for June, Chinese GDP for Q2 and the ECB rate decision.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
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.