ROLLOVER for all Stock Indices/ Currencies/ Financials and Other Markets, Daily ES Chart & Futures Levels 9.15.2020
Posted By:- Ilan Levy-Mayer Vice President, Cannon Trading Futures Blog
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It’s that time of the year where December contract is the front month for all stock indices/ currencies/ financials and other markets!
(US) Market Trading Hours Summary: Spat of M&A buoys risk sentiment
Investors’ animal spirits were elevated after a merger Monday of sorts. Nvidia confirmed a $40B deal to acquire Arm setting the stage for a rally in the semis. Oracle appears to be the leader in the house for TikTok assets but details remain minimal. The Greenback continued to back track and gold futures rose 1% while bond prices were little changed. The Yen firmed after it was reported that incoming PM Suga will keep Aso on as Deputy PM and Finance Minister.
– Risk on appetite fueled by renewed optimism about a coronavirus vaccine
– Japan Suga won LDP leadership vote and poised to become the country’s new Prime Minister
– UK Parliament prepared to debate a proposal to rewrite parts of the Brexit withdrawal agreement.
-(US) Sec of Treasury Mnuchin: Confirms Oracle TikTok offer received over weekend; will continue to work on stimulus – CNBC interview
Europe and Asia
-(US) US Ambassador to China Branstad said to resign – CNN
-(UK) PM spokesperson: Internal market bill to protect trade across the four nations of the UK while maintaining global standards
-(EU) ECB Lane (Ireland, Chief Economist): Precautionary savings will persist for a while
-(JP) Incoming Japan PM Suga to reappoint Taro Aso as Deputy PM and Fin Min – press
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