Erik Schafhauser Zürich Erik Schafhauser Zürich Erik Schafhauser Zürich

Morning Brew February 27 2024

Morning Brew 1 minute to read
Erik
Erik Schafhauser

Senior Relationship Manager

Good Morning,

Tech remains strong given if slightly off the highs as traders try to decide what focus on next. Yesterday the Dow lost 0.15%, the S&P 500 0.4% and the Nasdaq 0.13%.

The USD Index fell to 103.70 while 10 Year yields are at 4.28. EURUSD is 1.0858 , GBPUSD 1.2690 and USDJPY 150.4 after a higher CPI in Japan.

Gold and Silver are 2033 and 22.60, Bitcoin jumped to 56k.

Headlines are:

  • Israel agrees to halt attacks during Ramadan
  • US is once again approaching the debt ceiling
  • Inflation in Japan 0.2% higher than expected
  • Macron did not rule out sending troops toUkraine.

 

Sentiment is a bit tricky to read ahead of the  US and EU inflation data on Thursday and Friday but I suggest to remain nimble and open minded.

We have two key articles to digest today by Peter and Kim:

Earnings Watch: Salesforce, Snowflake, and Leonardo
Technical Update - Nvidia: Buyers running out of steam? Or potential to much higher price levels? See here how and why?

Key Data:

Tuesday
- Data Japan CPI, US Durable Goods & Consumer Confidence
 - Earnings: Bank of Nova Scotia, Bank of Montreal, Sempra, Constellation Energy, Lowe's, Muenchener Rueck, AutoZone, American Electric Power

Wednesday
- Data Australia CPI, EU Consumer Confiddence,  US GDP
- Earnings: Oversea-Chinese Banking, Holcim, Royal Bank of Canada, TJX Cos, Salesforce, Snowake, Monster Beverage, Universal Music, Reckitt Benckiser

Thursday
- Data CH FX  Reserves, DE Unemployment Rate, US PCE, Initial Jobless claims 
- Earnings: Alimentation, Anheuser-Busch, CRH, NetEase, Dell Technologies, Autodesk, London Stock Exchange Group

Friday
- Data EU HICP  International PMI, NO Nonfarm Payroll

Expiries

Physically Settled Futures

FLGH4 will expire 27 Feb 2024 at 16:00 GMT
TTFMH4 will expire 27 Feb 2024 at 10:00 GMT
EMAH4 will expire 28 Feb 2024 at 10:00 GMT
TNH4 will expire 28 Feb 2024 at 10:00 GMT
UBH4 will expire 28 Feb 2024 at 10:00 GMT
XCH4 will expire 28 Feb 2024 at 10:00 GMT
XKH4 will expire 28 Feb 2024 at 10:00 GMT
XWH4 will expire 28 Feb 2024 at 10:00 GMT
Z3NH4 will expire 28 Feb 2024 at 10:00 GMT
HGH4 will expire 28 Feb 2024 at 16:00 GMT
SIH4 will expire 28 Feb 2024 at 16:00 GMT
ZBH4 will expire 28 Feb 2024 at 16:00 GMT
ZCH4 will expire 28 Feb 2024 at 16:00 GMT
ZLH4 will expire 28 Feb 2024 at 16:00 GMT
ZMH4 will expire 28 Feb 2024 at 16:00 GMT
ZNH4 will expire 28 Feb 2024 at 16:00 GMT
ZSH4 will expire 28 Feb 2024 at 16:00 GMT
ZWH4 will expire 28 Feb 2024 at 16:00 GMT
SBH4 will expire 29 Feb 2024 at 16:00 GMT

 

Expiring CFDs

COPPERUSMAR24 will expire on 27 Feb 2024 at 16:00 GMT
CORNMAR24 will expire on 27 Feb 2024 at 16:00 GMT
GASOLINEUSMAR24 will expire on 27 Feb 2024 at 16:00 GMT
HEATINGOILMAR24 will expire on 27 Feb 2024 at 16:00 GMT
SILVERMAR24 will expire 27 Feb 2024 at 16:00 GMT
SOYABEANSMAR24 will expire 27 Feb 2024 at 16:00 GMT
SOYABEANOILMAR24 will expire 27 Feb 2024 at 16:00 GMT
SOYABEANMEALMAR24 will expire 27 Feb 2024 at 16:00 GMT
SUGARNYMAR24 will expire 27 Feb 2024 at 16:00 GMT
W
HEATMAR24 will expire 27 Feb 2024 at 16:00 GMT
OILUKAPR24 will expire 29 Feb 2024 at 16:00 GMT

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