- Thomson Reuters
Via Dave Lutz at JonesTrading, here’s a quick guide to what traders are talking about right now:
Final ipsos poll came out Remain 52%, Leave 48% and spiked futures earlier – S&P up 1%, Russell 1.5% as Biotech jumps early. DAX was up as much as 2%, 3-week high. Commodity stocks and banks leading.
- Seeing Heavy dumping of havens – Bunds and Treasuries are seeing yields jump 6bp, Gold continues to retreat. DXY getting slammed against Pound and Euro – Sterling hits highest point of the year as bookies see “remain” taking it – Key to watch in the headline squall we have been enduring. Risk on seeing emerging-market currencies ripping higher. But Volumes light – “Share trading across Europe was just a third of its normal level and two-thirds lower than average on the UK’s FTSE.”
Today we get Architecture Billings Index and the Fed’s Bank Stress Test results (Initial Results – CCAR June 29th). Chicago Fed Nat Activity Index and Weekly Jobless Claims at 8:30 – Markit US Manufacturing PMI at 9:45 – New Home Sales for May and US Leading Index at 10 – Natty Gas Inventory data at 10:30, and Kansas City Fed Manf. Activity at 11. Fed’s Kaplan Speaks in New York at 7pm.
BREXIT key times (in ET):
- 5pm – Polling closes – Media “Blackout” Ends; Sky News announces the YouGov Poll prediction7:30pm – Results begin to be reported for a small number of councils 9:00pm – First big wave of results with 22 councils expected around this time 10:00pm – Lancaster vote could be proxy for overall result. 11:00pm – The largest wave of results with 88 councils expected to report 12:00 – About 80% of counting areas have reported results 1:00am – Any clear winner likely reported by now over media channels 2 am – Count Ends 2-4am – Official result will be called in Manchester, “around breakfast time”, according to the electoral commission