Gain leveraged exposure to foreign markets with index warrants
– This week may pose to be one of the more eventful weeks in the year for stock markets amidst megacaps reporting earnings, a slew of key economic data releases, as well as the lead up to the U.S. presidential election on November 5th.
– U.S. megacaps such as Microsoft, Meta, Apple, Amazon, and Alphabet are reporting third quarter earnings this week. As highlighted in our earlier post, several key U.S. economic reports will be released soon, while China's purchasing PMI will be released on Thursday and Friday.
– Just this morning, the HSI futures rose up to 1.4% to a high of 20,896though it ended the morning session 0.1% lower. Call warrant HSI-CXY was the most actively traded warrant this morning, with 149M units traded and 42.3M units net bought by investors. This warrant currently has around 15% inventory remaining.
– Elections-wise, markets are bracing for a potential Donald Trump win, with most major polls showing him locked in a tight race with Kamala Harris (Bloomberg, 29 Oct).
– In addition, the Bank of Japan is expected to maintain rates at this Thursday's policy decision. The Nikkei225 is up 0.6% as of the time of writing following the 1.8% rise on Monday. Call NIKKEI-CI has surged 15.2% from last Friday's close; investors took positions in the put NIKKEI-HE.
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