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Relief Rally For E-Minis

EQUITIES

Despite the questions that remain, e-minis have seen a bit of a relief rally on the back of the aforementioned China Evergrande headlines re: the transfer of 1.75bn non-publicly traded shares in Shengjing Bank, which will see the troubled Chinese property developer receive ~CNY10bn. E-minis trade somewhere in the region of 0.4-0.5% higher on the day, with the NASDAQ 100 outperforming after Tuesday's yield movements meant that tech led the weakness in equities on Wall St.

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

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