EQUITIES: Tech Rebound Continues
May-27 2022 08:59
- Asian markets closed higher on tech gains: Japan's NIKKEI closed up 176.84 pts or +0.66% at 26781.68 and the TOPIX ended 9.72 pts higher or +0.52% at 1887.3. China's SHANGHAI closed up 7.132 pts or +0.23% at 3130.24 and the HANG SENG ended 581.16 pts higher or +2.89% at 20697.36.
- European equities are gaining, with tech and consumer discretionary stocks leading the way: the German Dax up 81.39 pts or +0.57% at 14314.89, FTSE 100 up 10.42 pts or +0.14% at 7573.74, CAC 40 up 57.81 pts or +0.9% at 6470.85 and Euro Stoxx 50 up 26.08 pts or +0.7% at 3766.74.
- U.S. futures are higher, with the Dow Jones mini up 20 pts or +0.06% at 32620, S&P 500 mini up 8.5 pts or +0.21% at 4064.25, NASDAQ mini up 38 pts or +0.31% at 12317.25.
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GBP: Cable is through another session low
Apr-27 2022 08:58
- Chart still not looking pretty for the British Pound.
- Cable makes another attempt at the intraday low, with next support seen towards the figure.
Chart source: MNI/Bloomberg
AUSTRIA: Chancellor Denies Reports Austria To Pay For Gas In Roubles
Apr-27 2022 08:57
Bloomberg reporting comments from Austrian Chancellor Karl Nehammer stating that Austria will continue to pay for gas in euros in line with EU sanctions.
- His comments come after unverified reports from Russian media outlets stating that Nehammer confirmed that Austria and its largest hydrocarbons firm OMV have accepted Russia's terms and will pay its gas contract in roubles in order to ensure supply.
- Nehammer is the only Western leader to have met Russian President Vladimir Putin in person during the course of the Ukraine crisis, meeting in Moscow earlier in April.
- Earlier, Energy Minister Leonore Gewessler told ORF Radio that gas supplies to Austria remain uninterrupted.
GILT SYNDICATION: 0.125% Mar-73 linker: Spread set
Apr-27 2022 08:46
- Tap Size: GBP Benchmark (Current O/S GBP1.1bn; MNI expect GBP1.5-1.6bln)
- Orderbook in excess of GBP19bn (including JLM interest of GBP1.6bn)
- Spread set at 0.125% Mar-2068 linker -5.75bps (guidance was -5.75/-5.25bps)
- ISIN: GB00BM8Z2W66
- Timing: Books to close at 10:00BST
- Joint Leads: Barclays (B&D) / BofA Securities / Citi / Nomura
From market source
