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Fresh Lows In E-Minis As PacWest Worry Dominates

EQUITIES

E-minis move to fresh session lows, with PacWest deposit dynamics remaining front and centre, after some brief respite from slightly more constructive deposit news out our peer Western Alliance (who reaffirmed prior Q2 Q/Q deposit growth guidance alongside a $600mn uptick in deposits in the May 2-May 9 window). PacWest is last showing 23% lower pre-market, while KRE is indicated -1.6% (a little above pre-market worsts in both), Western Alliance is indicated 4% lower.

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

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