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Earnings Pressure On NASDAQ E-Minis Weighs On Broader Sentiment

EQUITIES

Weakness in the NASDAQ 100 (on the back of disappointing earnings releases from both Facebook parent Meta & Spotify) weighed on broader risk appetite during Asia-Pac hours. This meant that the Nikkei 225 shed a touch over 1.0%, while the ASX 200 registered marginal losses. A reminder that broader Asia-Pac liquidity remains crimped by the ongoing observance of the LNY holiday period in both China & Hong Kong. The NASDAQ 100 led the losses in e-minis, last -2.2%, while the S&P 500 is -0.9% and the DJIA contract is marginally lower on the day (loosely as you would expect, based on relative tech sensitivity).

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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