ISRAEL: PM Rejects Lebanese Claim Of Hezbollah Disarmament Amid Renewed Strikes

The FT reports that China may restrict access to Nvidia’s H200 chips despite approval for shipment from US President Trump yesterday.  A brief downtick in equity futures is noted around the timing of the story, but the move lacks traction for now. Some highlights from the story:

• "Beijing is set to limit access to Nvidia’s advanced H200 chips despite Donald Trump’s decision to allow the export of the technology to China as it pushes to achieve self-sufficiency in semiconductor production."
• "According to two people with knowledge of the matter, regulators in Beijing have been discussing ways to permit limited access to the H200, Nvidia’s second-best generation of artificial intelligence chips."
• "Buyers would probably be required to go through an approval process, the people said, submitting requests to purchase the chips and explaining why domestic providers were unable to meet their needs."
• "No final decision had been made yet, the people added."

FVF6 109.25/109.75cs, bought for 9.5 in 20k (expiry 26th Dec).

• The BOE's ILTR operation saw weekly takeup of GBP2.136bln with a net increase of GBP0.896bln.
• Overall this puts the outstanding amount at record high of GBP62.5bln.
• Bigger picture, ILTR usage hasn't notably increased since the Level A clearing spread was increased to Bank Rate +3bp (from Bank Rate flat). For the last 5 operations usage has been between GBP60.9 - 62.5bln.