POWER: BNZ Signs Virtual PPA in Italy and Spain
BNZ has signed a multi-country virtual PPA with Kimberly-Clark in Italy and Spain, it said. * BNZ w...
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EQUITIES: Nasdaq is finding some dip buying
Nasdaq futures is finding some demand just short of the January low of 20,694.00 for now.
(Chart source: MNI/Bloomberg).
EQUITY TECHS: E-MINI S&P: (H5) Pullback Extends
- RES 4: 6200.00 Round number resistance
- RES 3: 6178.75 High Dec 6 and key resistance
- RES 2: 6163.75 High Dec 16
- RES 1: 6105.25/6162.28 Intraday high / High Jan 24
- PRICE: 5982.75 @ 10:46 GMT Jan 27
- SUP 1: 5961.75 Low Jan 16
- SUP 2: 5943.94 61.8% retracement of the Jan 13 - 24 bull leg
- SUP 3: 5892.37 76.4% retracement of the Aug 5 - Dec 6 bull leg
- SUP 4: 5809.00 Low Jan 13 and a key support
The S&P E-Minis contract has started the week on a bearish note, extending the pullback from Friday’s high. Key short-term support to watch lies at 5961.75, the Jan 16 low. For now, the move down appears corrective, however, a breach of 5961.75 would strengthen a bearish threat and signal scope for a deeper retracement. This would open 5943.94, a Fibonacci retracement. Key resistance is unchanged at 6178.75, the Dec 6 high.
EGB SYNDICATION: Austria Dual-tranche mandate
Austria has announced a mandate for a new 10-year Feb-25 RAGB maturing 20 February 2035 alongside a tap of the 1.85% May-49 Green RAGB
Both bonds are as expected (see our weekly preview), with the timing having been uncertain due to the budget. We look for the Feb-35 tranche to be sized between E4.5-5.0bln (including E250-500mln retention) with a tap of E1.0-2.0bln of the 1.85% May-49 Green RAGB.
