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COVID Worry Outweighs DC Positives

EQUITIES

Worry surrounding the latest COVID-19 developments in the UK and the subsequent short-term (at least for now) UK travel bans put into place by many nations overshadowed positive fiscal developments in DC in most instances, with e-minis pulling back from their early Asia-Pac highs, while FTSE 100 futures shed over 1.0%.

  • Chinese mainland equities managed to look through the broader defensive feel to the session and latest ratcheting up of Sino-U.S. tensions, given the telegraphed nature of the latter, benefitting from a PBoC liquidity injection that looked to alleviate any strains over the calendar new year.
  • Nikkei 225 -0.5%, Hang Seng -0.2%, CSI 300 +0.6%, ASX 200 -0.3%.
  • S&P 500 futures -8, DJIA futures -23, NASDAQ 100 futures +32.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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