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EQUITIES: S&P 500 & NASDAQ 100 E-minis Tick Lower As China Probes Nvidia

EQUITIES

Fresh session lows for S&P 500 & NASDAQ 100 e-minis following news that Nvidia is being probed by the Chinese authorities on anti-monopoly grounds.

  • The tech giant is now indicated 2.1% lower pre-market.
  • E-mini moves are relatively limited at this stage.
  • Contracts had already traded away from session highs as optimism surrounding the dovish tweak in the Chinese monetary policy stance proved short-lived.
  • Marginal outperformance in the DJIA e-mini since the headlines, given relative sensitivity to tech.
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Fresh session lows for S&P 500 & NASDAQ 100 e-minis following news that Nvidia is being probed by the Chinese authorities on anti-monopoly grounds.

  • The tech giant is now indicated 2.1% lower pre-market.
  • E-mini moves are relatively limited at this stage.
  • Contracts had already traded away from session highs as optimism surrounding the dovish tweak in the Chinese monetary policy stance proved short-lived.
  • Marginal outperformance in the DJIA e-mini since the headlines, given relative sensitivity to tech.