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Carry over from Friday's Wall St. rally....>

EQUITIES
EQUITIES: Carry over from Friday's Wall St. rally left local equity trade with a
positive tinge in Asia-Pac hours, although the e-mini S&P 500's failure to break
above 3,200 limited the broader impetus.
- Some also looked to U.S. President Trump's inaugural (public) mask wearing as
a positive input for risk.
- The broader feel to the session, coupled with the continued uptick in Chinese
equity margin usage allowed the CSI to recover from an early downtick, although
the move wasn't anywhere near as forceful as what has been seen in recent
sessions. State media continue to caution on short-term risks to the recent
rally, while pointing to the need to develop a sustainable bull market.
- U.S. earnings season will provide a welcome break from the familiar sources of
broader market risk, this week's earnings schedule can be found via the below
link:
- https://emedia.marketnews.com/marketnewsintl/MNIEarnings1307.pdf
- Nikkei 225 +1.7%, Hang Seng +0.5%, CSI 300 +1.0%, ASX 200 +0.9%.
- S&P 500 futures +14, DJIA futures +141, NASDAQ 100 futures +43.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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