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Global Macro
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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: Aussie Q3 GDP Prints At 0.3% Q/Q
MNI ASIA OPEN: Early Geopol Risk Roils, Focus Turns To Fed
Wall Street Surges as Banks Crush Earnings Forecast
- Equity markets across the US rallied Thursday, with bank earnings being received positively across the Street. The likes of Bank of America and Morgan Stanley traded solidly after their Q3 reports, which painted a solid picture of internal financials as well as consumer health.
- Technology firms and material also traded solidly. The former benefited from a sharp downtick in Treasury yields, with the 10-yr yield dropping for a third consecutive session to test the 1.50% level despite trading above 1.60% at the beginning of the week.
- Technically, the e-mini S&P is now fast approaching the 50-dma at 4430.75, a break above which would be a solid bullish signal. A close above here opens gains toward 4472.00 - the late September high - a level which would open alltime highs printed a month and a half ago.
- Earnings season continues Friday, with Goldman Sachs, Charles Schwab and PNC Financial on the docket for Friday.
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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.