EQUITIES: EU Cash opening calls
May-18 06:56
- Estox 50: +0.46%.
- Dax: +0.34%.
- CAC: +0.49%.
- FTSE +0.46%.
- SMI +0.10%.
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DUTCH AUCTION PREVIEW: 0% Jan-52 DSL
Apr-18 06:52
On offer today:
- E1-2bln of the 0% Jan-52 DSL (ISIN: NL0015614579)
Timing: Results will be available shortly after the auction closes at 0900 BST / 1000 CEST.
See PDF for full auction preview:
USD: Despite the UK data beat, AUD leads
Apr-18 06:48
- The Dollar is mostly in the red into the EU cash Govie open, and despite the UK data beat, the AUD is the best performer, up 0.45%, helped by the Chinese growth data.
- Risk is underpinned, although futures saw some small divergence on the open, with Estoxx fading a few points lower on the UK data, while Emini trades near its intraday high, ahead of another big day for US Earnings today (BoA, GS, JnJ, Netflix).
- AUDUSD needs a test to 0.6759 to cancel the US Michigan sells off, after the data beat expectation, and 1yr inflation jumped to 4.6% vs 3.7% consensus.
- A test to 0.6775 would unwind the start of the unexplained US Retail Sales sell off, after the latter missed expectations.
UK: SONIA futures up to 8.5 ticks lower post-data
Apr-18 06:40
- SONIA futures opened lower, as anticipated, with the Dec23 contract seeing the biggest move at the time of writing (down 8.5 ticks on the day). This compared to 0.5-1.5 ticks lower seen across the SOFA and Euribor futures curves.
- GBPUSD continues to trade a bit above 1.2400, hitting an intraday high a few pips higher since the SONIA open.
