US STOCKS: Midday Equities Roundup: Bouncing on Middle East Trade Headlines
May-14 15:55
- Stocks have bounced off recent Wednesday session lows after Pres Trump "signed an agreement with Qatar to generate an economic exchange worth at least $1.2 trillion," according to a fact sheet issued by the White House.
- Currently, the DJIA trades up 2.3 points (0.01%) at 42143.74, S&P E-Minis up 9.5 points (0.16%) at 5914.25, the Nasdaq up 119.1 points (0.6%) at 19130.52.
- Information Technology and Communication Services sectors outperformed for the second consecutive session, chip makers leading the former after the Trump admin lifts curbs and touted deals with Saudi Arabia yesterday.
- Leading gainers included: Super Micro Computer +17.10%, Advanced Micro Devices +4.73%, NVIDIA +3.27%, Enphase Energy +3.00% and Dell Technologies +2.83%.
- Interactive media and entertainment shares supported the Communication Services sector: Alphabet +2.98%, Take-Two Interactive Software +1.22%, Match Group +1.11% and Netflix +1.01%.
- On the flipside, Health Care and Utilities underperformed in the first half, pharmaceuticals weighing on the former: Bio-Techne -4.81%, Solventum -4.54%, Revvity -4.44%, Moderna -4.24% and AbbVie -3.76%.
- Shares weighing on the Utility sector included: Eversource Energy -2.88%, Exelon -2.35%, WEC Energy Group -2.31%, Consolidated Edison -2.10% and Constellation Energy -2.04%.
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OPTIONS: Larger FX Option Pipeline
Apr-14 15:38
- EUR/USD: Apr16 $1.1100(E1.1bln), $1.1200(E1.1bln)
- USD/JPY: Apr16 Y145.00-20($1.1bln); Apr17 Y145.00($1.2bln)
- EUR/GBP: Apr16 Gbp0.8650(E1.2bln)
- AUD/USD: Apr16 $0.6350(A$1.1bln), $0.6400(A$1.7bln)
- NZD/USD: Apr16 $0.5950($1.2bln)
- USD/CAD: Apr16 C$1.4335($1.1bln); Apr17 C$1.4000($1.4bln)
CHF: Rallying Well Off Lows, EUR/CHF on Track to Finish Flat
Apr-14 15:33
- Having been sold through much of the European morning, CHF weakness has partially reversed into the close, with EUR/CHF on course for a flat finish after trading with gains of as much as 1% ahead of the US crossover.
- Helping drive the move will have been the upside of ~150 pips or so in CHFJPY into the WMR fix, after a generally muted session with few market-moving headlines.
- While firmer global equities will have been bearish CHF, the weakness off the best levels for US stocks futures has proved only minimal, leaving CHF moves here likely flow- or order-driven rather than a fundamental run higher for the currency.
- This leaves EUR/CHF as a notable standout in major assets in that it has reversed only a very small part of the post-Liberation Day U-turn losses. As a result, prices are within range of the bear trigger at Friday's 0.9222 low and a series of horizontal supported tested twice last year. Slippage through here would be the lowest rate (again) since the removal of the CHF peg in 2015.
FED: US TSY 26W BILL AUCTION: HIGH 4.060%(ALLOT 96.78%)
Apr-14 15:32
- US TSY 26W BILL AUCTION: HIGH 4.060%(ALLOT 96.78%)
- US TSY 26W BILL AUCTION: DEALERS TAKE 23.73% OF COMPETITIVES
- US TSY 26W BILL AUCTION: DIRECTS TAKE 9.46% OF COMPETITIVES
- US TSY 26W BILL AUCTION: INDIRECTS TAKE 66.81% OF COMPETITIVES
- US TSY 26W BILL AUCTION: BID/CVR 2.80
