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Late NY Impetus Spills Over Into Asian Hours

EQUITIES

The post FOMC minute impetus that we have outlined elsewhere was the driver in Asia-Pac hours, with S&P 500 e-minis trading at the lowest levels seen in a little over a week, on the back of perceptions surrounding the Fed and a seeming lack of hurry re: the adoption of yield curve control and/or deeper forward guidance. The minutes also punctuated the understandably cautious outlook the Fed holds re: the U.S. economy.

  • Swirling Sino-U.S. tensions applied pressure to mainland China & Hong Kong equities, as the CSI 300 and Hang Seng underperformed vs. their major regional counterparts.
  • Nikkei 225 -1.1%, Hang Seng -2.1%, CSI 300 -1.3%, ASX 200 -1.0%.
  • S&P 500 futures -22, DJIA futures -179, NASDAQ 100 futures -91.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
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