END OF DAY EQUITY, FOREX, FUTURES MARKET REPORT APRIL 21st

HIGHLIGHTS

Fed could close a loophole that allows some midsized banks to hide losses on securities; "Potential change would reverse 2019 decision to loosen rules for midsize banks", according to WSJ sources

US proposes tighter oversight of nonbanks posing systemic risks Treasury Secretary Yellen says FSOC tool is an important method to stem systemic risk; 2019 guidance created hurdles to nonbank designation. FSOC to vote on proposed new framework for financial stability risk identification, assessment and response. FSOC to vote on revisions to guidance for designating non-bank financial institutions as systematically important FSOC proposing to eliminate "inappropriate hurdles" to designating non-bank firms for supervision enacted in 2019

SUMMARY

Struggling to find something interesting to say about today other than Tesla shares stabilize after yesterday's plummet, there will be a new 1-day volatility index opening by the CBOE and the Dollar and DXY were flagging amidst bull-steepening along the US Treasury curve before a decent rebound on flash PMIs that beat consensus on all counts and embellished by an unexpected recovery in manufacturing to 50.0+ terrain, albeit just. This came in stark contrast to the preliminary EU surveys showing deeper contractions in that sector and gave the Buck more fundamental reason to regain momentum following mostly disappointing data since Monday’s better than forecast NY Fed manufacturing survey and NAHB housing market index, including a particularly downbeat Philly Fed headline print.