STIR: 95bp Of Cuts Still Priced Through Dec, Tomorrow's Guidance Eyed
May-07 06:51
GBP STIRs are little changed this morning, looking through the previously covered Chinese policy eas...
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CHINA STOCKS: Chinese Sov Fund Confirms It Has Added To Equity ETF Holdings
Apr-07 06:51
China's Central Huijin Fund has confirmed that it has added to its equity ETF holdings and vows to increase those holdings, looking to promote smooth operation in markets. No immediate reaction in benchmark Chinese proxies traded in Hong Kong, with the recovery from loves tepid at best.
CHINA STOCKS: Off Lows On Talk Of Sovereign Fund Purchases, Move Limited
Apr-07 06:49
MNI (London) - Onshore reports point to the state-owned Chinese sovereign wealth fund, China Central Huijin, "working to stabilise the market", citing anonymous sources.
- ETF volume ha spiked, with BBG noting that volumes equal those seen during the worst day of the early '24 equity sell off.
- ETFs are a preferred vehicle for state intervention.
- The Hang Seng & Hang Seng China Enterprises indices are off lows, but still 12% lower on the day.
EQUITIES: European Equities are plummeting in early trade
Apr-07 06:35
- Estoxx futures (VGM5) has fully cleard the 4600.00, and is now close to test the next immediate support at 4542.27 3.000 proj of the Mar 3 - 11 - 19 price swing.
- At current levels, the Cash (SX5E) is set to open down 4.5% at 08.00BST.
