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发表于 2011-6-13 08:17 AM
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S&P Globex futures trading 1 point above fair value. Asian markets trade mixed as investors await data this week out of China including CPI and PPI tonight. European markets trade mixed recouping some of their overnight losses as concerns remain of a global slowdown as indicated by low Chinese loan data.
European sovereign debt issues remain a concern especially after comments that Spain may not be able to finance itself if country does not reach its 2011 fiscal deficits. In commodities oil trading lower on a report that Saudi Arabia would increase crude production despite OPEC being unable to reach an agreement. Today it is Pentecost and thus Austria, Cyprus, Denmark, Greece, Hungary, Norway, Russia, Switzerland all shut.
Implieds moved very little on a fixed strike basis in the US on Friday - Jul11 fell 5bps while Dec17 slipped 10bps. In the morning most of the interest was to net buy vega including a large buyer of SPX Sep 1275p for $49.60. As futures continued to slide on Friday a surprising number of sellers emerged to keep any vol pop in check.While S&P flows were two way in nature, the vol of vol space was very one sided - VIX call buyers were active all day. This week on the macro front look for PPI on Tuesday and CPI on Wednesday |
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狗仔卡
发表于 2011-6-13 08:08 AM
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变色卡
发表于 2011-6-13 08:09 AM
