EQUITIES: Indices Offered, Leading ESA Toward Tuesday Low
Mar-21 13:16
US equities sink to new daily lows headed into the cash open in ~20 minutes, with the e-mini S&P now through yesterday's 5682.25 and testing Tuesday's 5650.75 for first support. Both the Goolsbee and Williams appearances confirmed the cautious approach to policy outlined in Wednesday's policy statement. Tech-led NASDAQ futures leading the pre-market weakness - off over 1.1% vs. E-mini S&P's 0.9% decline.
- Trump underlining his view that April 2nd's reciprocal tariff date will mark "Liberation Day" for America will be keeping tariffs front-and-centre, while the soft showing for European stocks is also weighing on sentiment.
- Worth recalling today marks triple witching for US equities (expiry of index futures & options and single stock options), which may prompt some volatility through both the opening and closing bells today.
- Softer stocks helping prop up the greenback at the margin here, returning major pairs toward the day's lows after a brief spell of USD sales in early NY.
Want to read more?
Find more articles and bullets on these widgets:
Historical bullets
EQUITIES: EU Bank put fly
Feb-19 13:14
SX7E (17th April) 170/165/160p fly, bought for 0.45 in 6k.
US TSY FLOWS: 10yr Roll trades in 60k
Feb-19 13:06
- As suggested earlier regarding Rolls, these could pick up with Friday's PMIs in mind, they will be concluded on the 27th for Gilt and 28th Feb for Treasuries.
First real notable clip goes through:
- TYH5/TYM5 is bought for 00+ in 50k followed by 10k
GILT PAOF RESULTS: The PAOF for the 4.375% Mar-28 Gilt was not taken up.
Feb-19 13:03
- GBP1062.5mln had been on offer.
- This leaves GBP13.631bln of the gilt in issue.
