EQUITIES: US Cash opening calls
Jul-27 13:27
Focus is on the US Cash Equity open now, could be a fast open.
- Fair value opens: $SPX: 4,605.7 (+0.9%); $DJIA: 35,613 (+0.3%/+93pts); $NDX: 15,727.4 (+1.5%).
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TAIWAN: CODEL Led By Rep Mike Rogers Arrives In Taiwan
Jun-27 13:10
MNI London: Bloomberg has reported that a Congressional Delegation led by Rep Mike Rogers (R-AL) has arrived in Taiwan for a three-day visit to the island which is reportedly set to include a meeting with Taiwan President Tsai Ing-wen on Wednesday.
- Rogers, chairman of the House Armed Services Committee and key GOP China hawk, penned a letter to President Biden in April with other high-ranking Republicans urging the Biden administration to do more to arm Taiwan.
- The letter read: "We must be willing to accept the tension that comes with supporting Taiwan amidst China's threats and aggression, and we must match words with actions. Using every authority, we must arm and equip Taiwan to make it a stronger and more capable partner - which will only help the United States' national and economic security."
- With the United States Congress on recess until the second week of July, more Congressional delegations to Taiwan may be expected as lawmakers seek to bolster their credentials on China, a rare issue which has broad bipartisan support in Congress.
BONDS: Long End Core EGB & Gilt Rally Runs Out Of Steam
Jun-27 13:08
Firmer than expected U.S. durable goods and house price data, coupled with a bit of stabilisation for both crude oil and global equity futures, has halted the rally in the long end of the Gilt & core/semi-core EGB spaces for now, with ranges remaining contained amid somewhat lacklustre participation.
CANADA: FI Rally Finds Another Leg Post-CPI
Jun-27 13:08
- The GoC rally has continued after initial reluctance following CPI, with 2YY now -5.5bp post-data vs +1bp for Tsys.
- The front end drags the belly richer with 5YY -3.5bps post-release whilst the longer end is back little changed.
