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E-Minis Nudge Higher After Friday’s Weakness

EQUITIES

Friday’s negative lead from Wall St. (which was seemingly based on guidance from tech giants Apple & Amazon, in addition to the impending spectre of further Fed tightening & higher U.S. Tsy yields, at least from a fundamental perspective) applied pressure to the major Asia-Pac equity indices that were open for trade on Monday. That leaves the Nikkei 225 -0.1% and the ASX 200 -1.2% at typing.

  • Meanwhile, e-minis managed to recover some ground after the S&P 500 & NASDAQ 100 lost over 3.0% & 4.0%, respectively, during Friday’s cash trade. The 3 major e-mini contracts have managed to add 0.5-0.8% to their respective Friday settlement levels after non-committal, two-way dealing during early Asia hours. This came despite a more risk-negative feel to weekend headline flow.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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