UKRAINE: Zelenskyy Convenes 'Coalition Of The Willing' Leaders Summit For 10 May
Speaking virtually to the Joint Expeditionary Force (JEF) meeting in Oslo, Norway, Ukrainian President Volodymyr Zelenskyy says that there will be a summit of leaders from the 'Coalition of the Willing' tomorrow (Saturday, 10 May) in Kyiv. The JEF is a UK-founded group of 10 northern European countries (UK, Denmark, Estonia, Latvia, Lithuania, the Netherlands, Norway, Finland, Sweden, and Iceland) established in 2014 as a 'complement' to NATO.
- The 'Coalition of the Willing' is a broader group of 31 states, led jointly by the UK and France, that have pledged greater support to Ukraine than that agreed as part of the Ukraine Defence Contact Group, and have committed to contributing to a peacekeeping force to go to Ukraine in the event of a ceasefire (either by directly sending troops, financing the programme, or contributing military equipment).
- The coalition's peace plan, as envisaged by UK PM Sir Keir Starmer and French President Emmanuel Macron, mirrors that put forward by US President Donald Trump in calling for a 30-day ceasefire with Russia. It also looks to set out a 'lasting framework' for peace, and raising military aid for Kyiv.
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EQUITIES: Session Highs For E-Minis After Trump Says Now Is A Great Time To Buy
S&P 500 & NASDAQ 100 e-mini futures register fresh session highs after U.S. President Trump posts “THIS IS A GREAT TIME TO BUY!!! DJT” on Truth social. We assume that his comment was in reference to the equity market.
- The 3 major contracts are now 0.3-1.4% higher vs. settlement, with the NASDAQ outperforming.
MNI EXCLUSIVE: MNI speaks to the ECB’s former DG of market operations
MNI speaks to the ECB’s former director general of market operations Francesco Papadia.- On MNI Policy MainWire now, for more details please contact sales@marketnews.com
EQUITY TECHS: E-MINI S&P: (M5) Trend Needle Points South
- RES 4: 5766.42 50-day EMA
- RES 3: 5554.41 20-day EMA
- RES 2: 5435.00 High Apr 4
- RES 1: 5305.25 High Apr 8
- PRICE: 5014.50 @ 14:34 BST Apr 9
- SUP 1: 4832.00 Low Apr 7 and the bear trigger
- SUP 2: 4760.88 1.618 proj of the Feb 19 - Mar 13 - 25 price swing
- SUP 3: 4663.75 1.764 proj of the Feb 19 - Mar 13 - 25 price swing
- 7SUP 4: 4519.84 61.8% retracement of the Oc ‘22 - Feb ‘25 bull cycle
A bearish theme in S&P E-Minis remains intact and the cross is trading closer to its recent lows. Scope is seen for an extension towards the 4800.00 handle next. Note that moving average studies are in a bear-mode position, highlighting a dominant downtrend and bearish market sentiment. Initial firm resistance is seen at 5554.41, the 20-day EMA. Short-term gains are for now, considered corrective.
