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Upticks In E-minis Underpins Regional Equities Overnight

EQUITIES

A recovery from lows during the NY afternoon, and a subsequent rally during overnight dealing, leaves the 3 major e-mini contracts 0.4-0.8% firmer at typing, with the NASDAQ 100 outperforming after yesterday’s earnings guidance-related underperformance.

  • This allowed the major Asia-Pac equity indices to move away from their early session lows, lodging modest gains in the process.
  • Chinese equities hover around neutral levels, with the latest rounds of policymaker support for the Chinese economy offset by the localised COVID clusters observed in tier 1 cities, which have been accompanied by the well-documented social mobility restrictions.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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