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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 AccessWall Street Outstrips Mixed European Stocks
- European markets closed more mixed, with the EuroStoxx50, CAC-40 and IBEX-35 finishing with gains of 0.3-0.8%. UK and German indices closed with minor losses. Markets looked through signalling at the ECB press conference that the bank would hold off on rate hikes for the foreseeable future, with short-end rates driving higher and tempering risk appetite.
- This failed to hold back Wall Street equities, however, which traded positively throughout the day as a solid earnings cycle continued to contribute to headline prices. The NASDAQ outperformed, trading higher by over 1% ahead of the close, with consumer discretionary, materials and real estate at the top of the pile. Energy names were the sole decliners, with a pullback in oil prices working against the sector.
- The e-mini S&P cleared the Wednesday high with little effort, but failed to plumb a fresh high at 4590, which remain intact from earlier in the week.
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.