EMISSIONS: Standard Chartered Continues Net-Zero Strategy
Feb-27 13:42
Standard Chartered continues its climate commitments, pledging net zero in operations emissions by 2025 and in financing activities emissions by 2050, despite other major global banks recently reevaluating their climate plans, it said in a note.
- An emissions target has been set against the bank’s oil & gas debt capital markets business, which is the primary source of its emissions.
- The bank targets $1bn of sustainable finance income by 2025 and plans to mobilise $300bn of sustainable finance by 2030.
- Compared with other major banks, HSBC have recently delayed its net zero target by two decades, and Bank of America, Morgan Stanley, and JPMorgan have recently withdrawn from the Net-Zero Banking Alliance (NZBA), according to Reuters.
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US TSY FUTURES: BLOCK: Pre-Data March'25 5Y Buy
Jan-28 13:40
- +5,500 FVH5 106-14.5, buy through 106-14.25 post time offer at 0824:00ET, DV01 $229,000. The 5Y contract traded up to 106-15.25 after the cross but before the data release, currently trades 106-14 (-4).
US TSYS: Post-Durable Goods Orders React
Jan-28 13:36
- Treasury futures pare losses slightly after lower than expected Durable Goods Orders and down-revision to prior, while Capital Goods are higher than expected.
- Currently, the Mar'25 10Y contract trades -6.5 at 108-30.5, off late overnight low of 108-25.5. Futures remain inside technical ranges: support well below at 108-00/107-06 (Low Jan 16 / 13 and the bear trigger), nearly breached yesterday - resistance above at 109-12+ (50-day EMA).
- Cross-asset moves: Bloomberg US$ index gains 4.57 at 1301.41, Gold +8.40 at 2749.21.
MNI:US DEC DURABLE NEW ORDERS -2.2%; EX-TRANSPORTATION +0.3%
Jan-28 13:30
- MNI:US DEC DURABLE NEW ORDERS -2.2%; EX-TRANSPORTATION +0.3%
- US NOV DURABLE GDS NEW ORDERS REV TO -2.0%
- US DEC NONDEF CAP GDS ORDERS EX-AIR +0.5% V NOV +0.9%
