We have discussed Thursday's moves in......>

EQUITIES: We have discussed Thursday's moves in U.S. equities in more detail

elsewhere, but, in short, the post-NFP rally faded as COVID-19 worry, slight

knockbacks on the vaccine front and some of the details of the NFP report/less

+ve weekly jobless claims all came to the fore at different points of the U.S.

session.

- That left the major Wall St. indices shy of best levels come the bell, with a

lack of appetite to hold long risk asset exposure over the elongated U.S.

holiday weekend seemingly evident as well (given familiar sources of risk).

- Asia-Pac equity indices have edged higher, but have been capped by modest

downticks for e-minis, as well as the aforementioned familiar sources of risk

i.e. geopolitical tension and COVID-19 matters.

- Volume is generally thin, in what has been a lacklustre end to the week in the

region.

- Nikkei 225 +0.4%, Hang Seng +0.5%, CSI 300 +0.7%, ASX 200 unch.

- S&P 500 futures -4, DJIA futures -28, NASDAQ 100 futures -4.