US STOCKS: Early Equities Roundup: Risk On Over Tariff Timing, Exemption Chances
Feb-13 16:09
- Stocks are extending midmorning highs at the moment, adding to post-PPI data bounce. Sentiment improved as markets latch onto reporting by CNBC that President Trump's reciprocal tariff announcement later this afternoon won't see immediate implementation - and may include exemptions.
- Reuters reported on possible tariff exemptions had buoyed European auto shares overnight citing "US Republican House Speaker Mike Johnson said he believed President Trump is considering tariff exemptions that could include the automotive and pharmaceutical industries".
- Currently, the DJIA trades up 131.14 points (0.3%) at 44498.16, S&P E-Minis up 38.5 points (0.63%) at 6111, Nasdaq up 213 points (1.1%) at 19861.21.
- Consumer Discretionary and Information Technology sectors outperformed in the first half, the Discretionary sector buoyed by autos and resort stocks: after beating estimates and receiving several upgrades MGM Resorts surged 13.35%, Caesars Entertainment +5.76% and Wynn Resorts +2.46% while Tesla gained 6.11%, far outpacing Ford's gain of 1.57%.
- Technology stocks supported by strong gains in chip makers: Intel +8.32%, Tyler Technologies +6.76%, Nvidia +3.77%.
- Conversely, Industrials and Financials underperformed in the first half, airlines weighing on the former: United -4.89%, Delta -4.02%, Southwest -0.67%. Services shares weighed on Financials: Global Payments -2.88%, Fidelity National -2.23%, AIG -2.07%.
- Stocks expected to announce earnings after the close include: Molson Coors Beverage, CBRE Group, Duke Energy Corp, TransUnion, Altice USA, Howmet Aerospace, Digital Realty Trust, Dexcom, Republic Services and GoDaddy Inc.
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SECURITY: Gaza Ceasefire Deal Ready To Be Concluded And Implemented, Blinken
Jan-14 16:08
US Secretary of State Antony Blinken, speaking at an event hosted by the Atlantic Council, has confirmed that a Gaza ceasefire-for-hostage deal is "ready to be concluded and implemented" if Hamas accepts the conditions of the framework.
- Blinken says: "We believe the Palestinian Authority should invite international partners to help establish and run an interim administration in Gaza after a ceasefire deal," adding that an "interim security mission would be made up of forces from partner nations and vetted Palestinian personnel."
- Blinken notes that the Biden administration, "will hand off plan for post-war Gaza to the Trump administration to carry forward."
- Blinken's remarks are consistent with recent comments from US officials and Qatari mediators suggesting a ceasefire deal is closer than it has been in months, however, a final deal appears to hinge on Hamas approval, which in turn depends on how credible Hamas leadership deems a proposed Israeli military withdrawal from Gaza. As noted in earlier bullets (ISRAEL: WSJ-Israel, Hamas Finalising Gaza Deal, Could Come This Afternoon) there is some domestic uncertainty on the Israeli side, "in the form of the requirement for any deal to be approved by Israel's security cabinet and the full gov't."
- The Jerusalem Post reported a short time ago: "No final answer was given from Hamas regarding a hostage deal, an Israeli official [said]."
- A Qatari statement earlier today read: "We have overcome the major differences. This is the closest point we have been to a deal over the past months,"
MNI EXCLUSIVE: MNI: Italy Aims At NGEU Wriggle Room Over 2026 Deadline
Jan-14 16:05
Officials sketch out Italian plans to make sure the country gets as much NGEU funding as possible.-On MNI Policy MainWire now, for more details please contact sales@marketnews.com
SONIA: Z5 Call Spread Buyer
Jan-14 16:00
SFIZ5 95.90/96.05 call spread, bought for 6 in 15k.
- SFIZ5 last -2.0 ticks at 95.70, after reaching a multi-month low of 95.69 earlier.
