Free Trial

Equities Start October On the Backfoot

EQUITIES

Some were worried that the holidays in play in both China & Hong Kong would limit activity in Asia-Pac trading, but that hasn't been the case. A negative lead from Wall St., a subsequent technical break lower in the S&P 500 e-mini contract and uncertainty surrounding U.S. infrastructure spending matters have weighed on regional equities during Friday's Asia-Pac session. The Nikkei 225 & the ASX 200 both trade ~2% softer on the day, while the major U.S. e-mini futures are ~0.5% worse off following the previously flagged technical break of short-term support. Note that September saw Wall St. lodge its worst month since the COVID-driven malaise of March '20.

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.