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Why MNI
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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 AccessUS Futures Give Up Early Gains
- After a more solid start to the Monday session, the equity outlook deteriorated after the London close as the e-mini S&P ebbed through the Friday lows.
- This put index prices at the lowest levels since August 23rd, with next support undercutting at the Aug23 lows of 4433.50 ahead of the 50-dma / 50-day EMA at 4421.21 /4417.10.
- Healthcare names added to the downside pressure, with tech and consumer discretionary sectors also in negative territory. Notable single names adding to the downside pressure include Moderna & Pfizer on a Lancet report suggesting a third round of vaccine boosters may not be necessary and Twitter & Netflix after a Goldman Sachs' re-rating.
- On the continent, performance was more positive, helping most markets rise 0.5% or so. Spain's IBEX-35 outperformed, thanks to sizeable point contributions from Banco Santander, Iberdrola and BBVA.
To read the full story
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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.