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US TSYS

2-Way Flow Observed

IDR

Rupiah Continues To Tread Water

EQUITIES

E-Minis Flat On The Day

AUSSIE BONDS

AOFM Weekly Issuance Slate

CNH

Redback Hugs Tight Range

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  • A solid oil price rally boosted margins for oil explorers and producers Wednesday, helping the energy sector buoy headline indices and put stocks into the green. The likes of Diamondback Energy and Marathon Oil rallied over 5% as WTI crude futures hit new weekly highs, helping the e-mini S&P off overnight lows of 4427.50.
  • Despite the late support, equity indices failed to show through Tuesday's highs, keeping the outlook fragile for now. The contract has recently breached its 20-day EMA and this signals potential for a pullback towards and test of the key 50-day EMA at 4407.80.
  • Continental markets saw more negative trade, with the benchmark EuroStoxx50 off over 1% at the close. Spain's IBEX-35 gave back some of the recent outperformance, finishing off by 1.7%.