Free Trial

China Outperforms As E-Minis Fade Back From Overnight Highs

EQUITIES

E-minis traded either side of unchanged in Asia-Pac hours, while the major regional equity markets were flat to higher, with little in the way of tier 1 macro headline flow noted in the timezone. This allowed participants to step back and assess multiple, well discussed risk matters in the wake of a modest dip on Wall St.

  • Chinese equities were the largest mover, with President Xi re-affirming the nation's support for the policy of dual-circulation, as he noted that policymakers want to build a "super-sized" domestic market to ensure a high level of self-sufficiency, which in term supported Chinese equities.
  • Nikkei 225 unch., Hang Seng +0.5%, CSI 300 +1.1%, ASX 200 unch.
  • S&P 500 futures -1, DJIA futures -13, NASDAQ 100 futures +7.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

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.