Markets: News  

S&P futures vs fair value: -1.30. Nasdaq futures vs fair value: +30.50. The S&P 500 futures trade roughly in-line with fair value.Equity indices in the Asia-Pacific region ended the midweek session on a mixed note. Japanese officials have reportedly raised concerns about Hong Kong and Senkaku Islands during a call with China's Foreign Minister. The Reserve Bank of New Zealand's financial stability report found that the country's financial system was not tested as severely as it could have been. South Korea will reportedly delay the implementation of a cryptocurrency tax by three months. In economic data: Japan's September Corporate Services Price Index -0.6% yr/yr (last 1.4%) South Korea's December Manufacturing BSI Index 84 (last 78) Australia's Q3 Construction Work Done -2.6% qtr/qtr (expected -2.0%; last -0.7%) ---Equity Markets--- Japan's Nikkei: +0.5% Hong Kong's Hang Seng: +0.3% China's Shanghai Composite: -1.2% India's Sensex: -1.6% South Korea's Kospi: -0.6% Australia's ASX All Ordinaries: +0.5% Major European indices trade on a mostly lower note. The European Central Bank will reportedly lift its ban on bank dividends next year. The ECB released its latest Financial Stability Review, noting increased long-term risks from rising debt levels. The U.K. is expected to announce a GBP4.30 bln jobless support scheme. French President Macron confirmed that France's lockdown measures will be eased gradually from Saturday until December 15. In economic data: France's October Jobseekers Total 3.55 mln (last 3.61 mln) Spain's October PPI -4.1% yr/yr (last -3.3%) Swiss November ZEW Expectations 30.0 (last 2.3) ---Equity Markets--- STOXX Europe 600: -0.3% Germany's DAX: -0.2% U.K.'s FTSE 100: -0.6% France's CAC 40: UNCH Italy's FTSE MIB: +0.7% Spain's IBEX 35: -0.1%