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COVID Worry & Need For More Fiscal Support In The U.S. Seen

EQUITIES

The major equity indices were generally biased lower during Asia-Pac dealing, even though the Wall St. benchmarks managed to recover from their intraday lows on Monday.

  • Continued worry surrounding the COVID-19 situation in the UK and a sense of more being needed re: U.S. fiscal support blunted any lingering risk appetite in what proved to be a headline light session.
  • Mainland China equities managed to lean on the latest liquidity injection from the PBoC, which once again seemed to focus on creating some headroom over the calendar new year period, as opposed to an outright desire to pump liquidity into the system.
  • Nikkei 225 -0.6%, Hang Seng -0.1%, Hang Seng +0.1%, ASX 200 -1.1%.
  • S&P 500 futures -11, DJIA futures -109, NASDAQ 100 futures +10.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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