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Most Of The Major Metrics Edge Lower In Asia

EQUITIES

E-minis and the major Asia-Pac equity indices trade little changed to a touch lower in the main overnight, with little in the way of notable headline flow to ponder, leaving most to digest U.S.-President elect Biden's COVID support plan (which provided no surprises) and continued Sino-U.S. sabre rattling in the final days of Donald Trump's Presidential term.

  • Participants now question how palatable the support plan will be within U.S. Congress and the potential for watering down of the plan.
  • Elsewhere, the latest 1-Year liquidity injection from the PBoC came in at the lower end of expectations, resulting in a net drain of liquidity, which may have added some light pressure.
  • Nikkei 225 -0.4%, Hang Seng unch., CSI 300 -1.0, ASX 200 +0.2%.
  • S&P 500 futures -11, DJIA futures -118, NASDAQ 100 futures -14.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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