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E-minis Bid, But Upside Limited By Chinese GDP Miss

EQUITIES

E-minis moved higher from the re-open after Friday's late dip (with some attributing the latter to option expiries), before running out of momentum ahead of the Q3 Chinese GDP reading, which missed expectations.

  • The softer than expected Chinese GDP print allowed the space to edge away from best levels, with the major regional Asia-Pac indices following similar patterns to e-minis in the first session of the week. Chinese equities underperformed their major counterparts as a result of the release.
  • A reminder that U.S. House Speaker Pelosi has issued a 48-hour deadline for a pre-election stimulus deal (which expires on Tuesday), while Senate Republicans are set to table a piecemeal round of fiscal support.
  • Nikkei 225 +1.1%, Hang Seng +0.9%, CSI 300 +0.2%, ASX 200 +0.9%.
  • S&P 500 futures +21, DJIA futures +149, NASDAQ 100 futures +99.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
CommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
CommoditiesEquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets

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