SWEDEN: SEK Unfazed by SBB Headlines
Oct-06 08:34
SEK is slightly lower against the G10 this morning, with data and headlines not providing meaningful catalysts amid a quiet pre-NFP session so far.
- House price data this morning showed metropolitan area prices falling on the month, even though country-wide prices were unchanged.
- September's budget balance fell into deficit (-SEK6.3bln vs +SEK34.3bln prior) but was above Debt Office expectations of -SEK8bln.
- Finally, SBB shares continue to trade heavy - now almost 5% lower on the day - following headlines that they may be forced to pay off bondholders of Valerum AB after a coupon payment miss.
- NFP will provide cues for global sentiment later today, with next week's Swedish docket highlighted by national accounts and CPI.
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OPTIONS: Expiries for Sep06 NY cut 1000ET (Source DTCC)
Sep-06 08:29
- EUR/USD: $1.0740-50(E2.7bln), $1.0800-05(E684mln), $1.0900(E629mln)
- USD/JPY: Y144.50($1.4bln), Y145.50($1bln), Y146.50($1.0bln)
- GBP/USD: $1.2500(Gbp1.4bln), $1.2650(Gbp806mln)
- AUD/USD: $0.6395(A$518mln), $0.6447(A$540mln), $0.6485-00(A$515mln), $0.6550(A$606mln), $0.6600(A$1.5bln)
- USD/CAD: C$1.3600($1.5bln)
- USD/CNY: Cny7.3000($3.2bln)
EQUITIES: EuroStoxx 50 Pullback Exposes Key Support
Sep-06 08:26
The E-mini S&P contract maintains a firmer tone and the contract is trading closer to its recent highs. Price has traded above resistance at 4537.06, the base of a bull channel, drawn from the Mar 13 low that was breached on Aug 16. Eurostoxx 50 futures have pulled back from their recent highs. A continuation lower would expose support at 4225.00, the Aug 24 low. Clearance of this level would signal scope for a test of the key support at 4187.00, the Aug 18 low and bear trigger.
- Japan's NIKKEI 225 closed higher by 204.26 pts or +0.62% at 33241.02 and the TOPIX ended 14.68 pts higher or +0.62% at 2392.53.
- Elsewhere, in China the SHANGHAI closed higher by 3.708 pts or +0.12% at 3158.077 and the HANG SENG ended 6.93 pts lower or -0.04% at 18449.98.
- Across Europe, Germany's DAX trades lower by 39.34 pts or -0.25% at 15732.11, FTSE 100 lower by 50.65 pts or -0.68% at 7386.9, CAC 40 down 46.61 pts or -0.64% at 7207.94 and Euro Stoxx 50 down 19.67 pts or -0.46% at 4249.12.
- Dow Jones mini down 40 pts or -0.12% at 34637, S&P 500 mini down 10.75 pts or -0.24% at 4492, NASDAQ mini down 54.75 pts or -0.35% at 15479.25.
USD: Paring losses
Sep-06 08:22
- After a negative overnight session for the Dollar against all G10s, that looked more of an unwind, since Yields are still elevated, and risk is tilted to that downside.
- The Dollar continues to pare losses across G10s this morning, Cable is back at session low, USDJPY trades at today's mid range, and CAD is now the worst performer, down 0.2%.
