AMERICAS OIL: US Daily Brief

Mar-13 13:42

US Daily Brief: https://media.marketnews.com/MNIPOLRISKUS_Daily130325_6983157555.pdf

  • President Trump participates in a meeting with Secretary General Mark Rutte of NATO 12:20 ET 16:20 GMT
  • The Wall Street Journal reports that business leaders are skeptical of Trump’s trade agenda but are keeping their powder dry for now.
  • US Commerce Secretary Howard Lutnick and USTR Jamieson Greer will meet with Ontario Premier Doug Ford, Canadian Finance Minister Domini LeBlanc, and other officials today to discuss offramps to this week’s trade war escalation.
  • The chance of a government shutdown on Saturday increased after Senate Minority Leader Chuck Schumer (D-NY) said Democrat senators should withhold their votes from the full-year funding measure that passed the House of Representatives.

Historical bullets

GILTS: Longs Reset In Futures On Monday

Feb-11 13:32

OI data points to ~4K fresh net longs being added in gilt futures on Monday.

  • The previous two sessions had seen a cumulative ~18K of net long cover, which followed a period of net long setting seen across late January and early February.

MNI: CANADIAN DEC BUILDING PERMITS +11.0% MOM

Feb-11 13:30
  • MNI: CANADIAN DEC BUILDING PERMITS +11.0% MOM
  • CANADA RESIDENTIAL BUILDING PERMITS +21.2%; NON-RESIDENTIAL -5.9%

EQUITIES: Fresh record highs for European Indices

Feb-11 13:28
  • A fresh record high in Cash SX5E, seems to be helping the futures (VGH5) through the overnight high, and a new record high here too.
  • VGH5 is breaking the MNI Tech projection that was at 5381.13, and most Investors will now be watching for any potential test towards the Psychological 5400.00.
  • Stoxx600 is now also edging to a new record, with a 546.68 high.