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US equity index trade has opened on Globex for the new week - gap up initially (d'uh)

Eamonn Sheridan
19/03/2023 | 22:05 GMT

S&P500 eminis, ES, have opened with a gap up.

Pretty much what you would expect given the weekend news on the 'deal' and USD interventions (swap lines increase), hence the "d'uh" in the headline:

  • Early flows into non-USD FX in early Asia after the UBS-CS deal agreed to
  • Fed, BoE, BoJ, ECB SNB, BoC to coordinate action to enhance liquidity provision
spx mondya 20 March 2023 1

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