FINANCIALS: Banca Monte Dei Paschi - Q1 Earnings Headlines

Latest block trade lodged at 07:06:46 London/02:06:46 NY:

• TUM5 2,528 lots blocked at 103-28, looks like a seller.
• DV01 ~$96.5K

• RES 4: $74.66 - High Jan 22  
• RES 3: $72.91 - High Feb 11
• RES 2: $68.36/72.28 - 50-day EMA / High Apr 2 and key resistance
• RES 1: $64.85 Low Mar 5 low and a recent breakout level.  
• PRICE: $57.80 @ 07:10 BST Apr 9 
• SUP 1: $56.16 - 2.000 proj of the Feb 11 - Mar 5 - Apr 2 price swing
• SUP 2: $54.26 - 2.236 proj of the Feb 11 - Mar 5 - Apr 2 price swing
• SUP 3: $56.81 - 2.382 proj of the Jan 15 - Feb 4 - 11 price swing
• SUP 4: $50.00 - Psychological round number  

A bearish theme in WTI futures remains intact following the recent impulsive sell-off and the contract has again traded to a fresh cycle low, today. Recent weakness has resulted in the breach of a number of important support levels, reinforcing a bearish threat and. Sights are on $56.16 next, a Fibonacci projection. Initial firm resistance is seen at $64.85, the Mar 5 low and a recent breakout level.

• A Choppy Cash open for EGBs and Bund, selling interest keeps the German Bund heavy after Tariffs come into place, a whopping 104% for China.
• Compared to the US Tnotes (TYM5), Bund has seen a far more stable session, the US 10yr already trades in well over a 1 big figure range, the Yield had a quick test above 4.50%, printed a 4.5114% high, but has so far found support just ahead of the 110.00 Figure in futures.
• Bund has broken Yesterday's low, all Cash led, next support is seen towards ~128.70.
• There are no Tier 1 Data for the session, US Wholesales Inventories will be final reading, focus this Week is on the US CPI Tomorrow.
• Also Today, BOE FPC Meeting Record Released, and FOMC Meeting Minutes are scheduled.
• SUPPLY: UK £4.5bn 2030 (Equates to 21.9k Gilt) should weigh. Portugal OT Auction (won't impact Govies. US Sells $39bn of 10yr reopening.
• SPEAKERS: ECB Escriva, Knot, Villeroy, Cipollone, Fed Barkin.