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KOREA RATES

10-Year Future Hits Contract High

TWD

Central Bank On Hold At Record Low

CHINA RATES

China Repo Rates Rise Friday

KRW

Coronavirus Cases Stubbornly Above 500

US TSY FUTURES

TYU1 Lifted

EQUITIES

After a negative start to the session, US equity futures rallied sharply over the past hour or so, helping boost indices into the green at the open. Drama and turmoil in single stocks continues, with GameStop opening with losses of 25% after a number of brokers, namely Interactive Brokers and Robinhood looked to limit or restrict options traded in some stocks to liquidation only and by upping margin requirements on new positions.

The e-mini S&P found some support at the 50-dma (both today and yesterday), which today crosses at 3709.82. Yesterday's highs of 3853 mark the first upside target for the index from here.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com