Free Trial

E-Minis Biased Lower On Chinese ZCS Adherence

EQUITIES

The 3 major e-mini futures contracts gap lower on the back of the previously alluded to weekend comments out of China pointing to unswerving adherence to the country’s current zero COVID controls.

  • Still, the contracts sit a little above opening lows to last deal 0.7-0.8% softer vs. settlement, failing to challenge their respective Friday bases, perhaps leaning on the reports pointing to back-channel U.S.-Russia discussions aimed at the avoidance of a further escalation in the Russia-Ukraine war for support.
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.