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Mixed

EQUITIES

The major e-mini contracts coiled during Asia-Pac hours, with the latest round of positive fiscal rhetoric out of DC ultimately failing to inspire a meaningful bid overnight, as the contracts consolidated the bulk of their Tuesday gains (which were themselves largely driven by hope surrounding support for a slimmed down fiscal support package in DC).

  • The major regional equity indices clung to the coattails of Tuesday's Wall St. rally, however, the ratcheting up of Sino-Aussie tensions and MSCI's notice of removal from the relevant indices re: the securities of the Chinese cos referenced in U.S. President Trump's executive order barring U.S. investment applied some counter pressure.
  • Nikkei 225 +0.2%, Hang Seng +0.8%, CSI 300 +0.2%, ASX 200 +0.8%.
  • S&P 500 futures -4, DJIA futures -43, NASDAQ 100 futures +12.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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