Free Trial

E-Minis Flat On The Day

EQUITIES

S&P 500 e-minis ticked lower with BBG headlines pointing to a lack of coupon payment on a US$-denominated bond issued by China Evergrande, but have recovered from worst levels. A reminder that the coupon payment was due yesterday, but there is a 30-day grace period before a default is triggered. There are also reports/chatter of the company's electric vehicle arm failing to pay salaries to some of its employees, in addition to a failure when it came to the timely payment covering factory equipment.

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.