Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

ESA Helped Off Session Highs By FRC Slide

US STOCKS
  • The S&P E-mini sits ~30pts off session highs with a move that started before but has been helped by First Republic sliding to a new intraday all-time low (latest -37%).
  • The FRC declines follow WSJ headlines that major US banks are looking to convert some or all of their $30B deposits into a capital infusion with JPM’s Dimon leading the efforts. A sale or outside capital injection is also being considered.
  • At 3962 it remains well off session lows of 3897.25 and with support meaningfully lower at 3839.25 (Mar 13 low).
89 words

To read the full story

Why Subscribe to

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.
  • The S&P E-mini sits ~30pts off session highs with a move that started before but has been helped by First Republic sliding to a new intraday all-time low (latest -37%).
  • The FRC declines follow WSJ headlines that major US banks are looking to convert some or all of their $30B deposits into a capital infusion with JPM’s Dimon leading the efforts. A sale or outside capital injection is also being considered.
  • At 3962 it remains well off session lows of 3897.25 and with support meaningfully lower at 3839.25 (Mar 13 low).