Limit Up!

Limit Up! 3rd March 2025

Written by Ian Reynolds | Mar 2, 2025 11:45:44 PM

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Overnight

China PMIs February 2025

Chinese PMIs better than expected and with a big economic summit at the weekend, look out for more stimulus announcements especially as the Hang Seng had a big reversal on Friday.

HANG SENG Daily

Breaking

UK and France aim for new Ukraine peace deal after White House fracas [FT]

S&P revises outlook on France to negative [Reuters]

Very importantly for markets, the US Treasury has injected USD 170BN into the banking system in the last week by drawing down the TGA. 

Treasury General Account Balance

Bitcoin

Trumps's strategic cryptocurrency fund announcement has BTC back well over 91,000 and other coins much higher. It's tempting to fade the rally but market will probably rally further into Friday's summit.  

BITCOIN / USD Daily

Precious Metals

Gold is up a little bit this morning and Silver returns to the wedge after 2 breakout failures. When it does go it's going to be epic.

SILVER / USD Daily

Bonds

Canada 10 year yields drop back below 3% for the first time in 2 years, as economic slowdown is inevitable with tariffs.

Canada 10 Year Government Bond Yield Daily

Foreign Exchange

The Indian Govt / Central Bank has spent a lot of USD trying to defend the Rupee but it keeps coming back at them.

USD / INR Daily

Equities

Index futures following the better outlook this week as we try and put the Trump / Zelensky train-wreck behind us.

US Equity Futures

Interesting

A Trader’s Guide for China’s Closely Watched Policy Meeting [Bloomberg]

Economic Indicators Today