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NASDAQ 100 E-Minis Lose 0.5%

EQUITIES

Equities struggling on the move higher in global yields following U.S. data and the latest round of BoJ speculation.

  • Pricing of ’24 Fed cuts moves below 75bp for the first time this year.
  • The NASDAQ 100 e-mini contract leads the way lower in the U.S., losing nearly 0.5%.
  • The S&P 500 contract has little meaningful technical support until the 20-day EMA (5,147.25), in case this move extends further.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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