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E-Minis Bounce On USD Woes

EQUITIES
Equities traded mixed in Asia-Pac hours, with a weaker USD allowing e-
minis to recover from their early lows, despite domestic fiscal headwinds
in the U.S., bubbling Sino-U.S. tensions and broadening COVID-19 worry.
  • Japanese equities underperformed, as Tokyo played catch-up after
    the elongated holiday weekend, although the Nikkei 225 trades well
    clear of its early lows, benefitting from the broader market dynamics
    that were observed. There was little in the way of broader risk
    positive news flow evident, outside of some positive COVID-19
    vaccine developments, with the uptick in e-minis seemingly linked to
    the broader USD move that came well before those headlines. The
    remainder of the major regional equity indices were marginally higher
    in Asia-Pac hours.
  • Nikkei 225 -0.4%, Hang Seng unch., CSI 300 +0.3%, ASX 200 +0.1%.
  • S&P 500 futures +14, DJIA futures +123, NASDAQ 100 futures +57.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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