CME Delays Futures Opens Due To "Glitch"; Update: To Reopen At 9:00 PM Central

Tyler Durden's picture

Update:

  • *CME GLOBEX RESUMES FUTURES TRADING AFTER TECHNICAL ISSUE

 

Looks like the machines want to run post-Yellen stops... to new record highs...

 

Perhaps someone needs to tell Treasury Futures it's time to sell off and keep the dream alive...

 

Update:

  • CME GLOBEX MARKETS TO OPEN 9 P.M. IN CHICAGO
  • CME GLOBEX TO PRE-OPEN 8:30 PM CT, OPEN AT 9 PM CT: CME GROUP
  • CME: ALL DAY, SESSION ORDERS WITH AUG. 24 TRADE DATE CANCELLED

It appears - judging from FX markets this evening - that consensus on Jackson Hole is Yellen was more hawkish and Draghi & Kuroda more dovish than expected. The USD index is pushing on towards one-year highs as EUR is down 50 pips (not helped by a dovish FT article on deflation fears) to 11-month lows, and USDJPY broke to as high as 104.45 (weakest JPY in 7 months). In addition to this action, the CME confirms all Futures products will have a delayed opening due to technical issues with NO estimated opening time.

CME's only statement... on GCC site...

  • *ALL CME GLOBEX MARKETS EXCEPT BURSA MALAYSIA HALTED, CME SAYS

 

Phone call to Chris Grams, press officer at CME, was not immediately returned

 

USDJPY at 7-month highs

 

EUR tumbling to 11-month lows...

 

Of course, there is no need for futures trading anymore since The Fed will merely extend its "communications" policy to announce the end of day print for the S&P 500 each morning going forward...

 

But for those wondering, EURJPY implies an S&P open around 7 points down... though we suspect USDJPY will be in charge and stocks are lifted.

 

Charts: Bloomberg