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E-Minis Spike Higher

EQUITIES

E-minis & Euro STOXX 50 futures pull higher in recent trade with S&P 500 e-minis briefly showing above 4,500.

  • Some supportive factors likely include:
  • Recent headline flow out of China pointing to a narrowing of the negative list for foreign firms and a relaxation of curbs re: foreign investment into strategic companies.
  • BBG source reports surrounding Country Garden debt extension plans.
  • HK & Chinese equities ticking away from worst levels of the day into their respective closes.
  • Crude oil futures moving away from lows.
  • A pullback from session highs for the broader USD
  • Core global FI markets moving off session cheaps.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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