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NASDAQ E-Minis Extend Lower, Modest Defensive Flows Seen Elsewhere

CROSS ASSET

The previously touted Meta-driven weakness in NASDAQ 100 e-minis has extended a little, with the contract now down a touch over 2.00% vs. settlement. This has resulted in modest risk-off flows elsewhere, with T-Note futures & ACGBs nudging higher. Currency trade sees the JPY at the top of the G10 FX performance board, while the Antipodeans find themselves at the other end of that particular table.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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