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Continental Equities Rally From the Off, Boosting E-mini S&P

EQUITIES
  • European equities off to a decent start, with mainland markets higher by 0.4-0.8%. EuroStoxx50 outperforming thanks to a decent showing from consumer discretionary and tech names (LVMH, ASML, Prosus NV the highlights here) which is more than countering weakness in real estate and utilities.
  • Firmer European and Asian markets helping lift the e-mini S&P further off post-NFP lows, with the index around 25 points north of Friday lows. 4549.50 (Friday high and alltime high) acts as first resistance ahead of Fib projection level at 4580.21.

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