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E-Minis Nudge Lower Overnight

EQUITIES

The ASX 200 and Nikkei 225 added ~0.5% apiece, benefitting from Monday’s uptick on Wall St. (which was seemingly a function of month-end rebalancing and less worry re: the prospect of an imminent 50bp rate hike from the Federal Reserve). A reminder that the remainder of the major regional financial centres were closed during Asia-Pac hours, owing to the observance of the Lunar New Year holiday period.

  • Elsewhere, U.S. e-minis shed ~0.3% apiece after the impulse from the month-end rebalancing flows faded and continued geopolitical worry surrounding Russia weighed (this limited the bid in the major Asia-Pac equity indices that were open).
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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