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Continental Markets Solid, VG1 Tops Resistance

EQUITIES
  • Continental stock markets are higher early Friday, with the core EuroStoxx 50 higher by 0.5% while the UK's FTSE-100 lags slightly with gains of 0.2%. In futures, EUROSTOXX 50 trend conditions remain bullish with the focus on 4099.00,1.00 projection of the Mar - Jul - Oct 2020 price swing.
  • Europe's financials sector extends recent outperformance, and is top of the pile again Friday. Technology and industrials names also trade well, while the energy sector is the sole decliner so far.
  • UK homebuilders are among the best performers in the Stoxx 600, with Taylor Wimpey and Barratt Developments among the largest climbers this morning.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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