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Futures Point to a Positive Open, Pressuring Vols Further

EQUITIES
  • US equities hitting the best levels of the day headed through to the NY crossover, with the e-mini S&P touching 4544.25 and clearing the 100-dma at 4540.00 in the process. Moves higher open next resistance at 4585, the mid-February high.
  • Moves come amid notable pre-market gains for Tesla (shares up 6% pre-market as board looks to move ahead with a stock split) and as markets watch the reconvening of Russian and Ukrainian representatives in Turkey - due to begin tomorrow.
  • VIX futures are offered in response to modest stock futures gains, with last week's lows under pressure - a further 2.5 point decline for the index would erase the entirety of the Ukraine crisis-inspired rally posted since early February.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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