GILTS: Near Highs Following Recovery From Yesterday's Lows
Apr-10 14:59
Gilts operate just off session highs, with long end outperformance remaining evident on the day desp...
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US: SFR outright call buyer
Mar-11 14:57
2QU5 97.50c, bought for 8 in 2.5k.
EQUITIES: Some downside Continuations
Mar-11 14:45
- Broader Equities are extending losses following Trump increasing Tariffs on Canada.
- The Emini futures trades at its lowest level since September and could target the September low at 5499.25, so far printed a 5554.50 low.
CANADA: Ontario Premier-'Will Not Back Down Until Trump Tariffs Gone For Good'
Mar-11 14:45
Posting on X, Ontario Premier Doug Ford says that "Ontario and Canada will not back down until President Trump’s tariffs are gone for good." Ford confirmed that he will be interviewed on CNBC at 1105ET (1505GMT, 1605CET).
- Ford's comments come in the wake of US President Donald Trump's escalation of incoming tariffs on Canadian steel and aluminium, threats to the country's motors industry, and repeated calls for Canada to become the US' 51st state in a recent Truth Social post (see 'US-CANADA: Trump Escalates Trade War With Canada', 1416GMT).
- This latest escalation comes amid a transfer of power in Canada, with the transition process underway following former BoC and BoE governor Mark Carney's election as governing Liberal Party leader on 9 March. Globe and Mail reports that Carney is "expecting a “seamless” and “quick” transition of government after his Monday talks with outgoing Prime Minister Justin Trudeau and cabinet."
- The Globe and Mail report claims that as part of his first cabinet, Carney "will probably keep the current ministers who’ve been busiest on Canada-U.S. trade issues: Mélanie Joly in Foreign Affairs, David McGuinty in Public Safety and Dominic LeBlanc in Finance."
