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CROSS ASSET: European Equities are paring gains

CROSS ASSET
EquitiesBulletMarketsFixed Income BulletsForeign Exchange Bullets
  • initial support in Bund seen at 134.94 (in Dec) has so far held, there's also been some demand in the front Euribor (ERZ4), saw an earlier block trade of 7.6k at 97.18.
  • Eurex roll still dominates in Bonds, but desks swill also start to look at rolling their positions in ERZ4 into the end of the week and into next Week ahead of expiry on the 16th December.
  • European equities are also giving back their earlier gains, with Estoxx futures (VGZ4) close to fully reversing its rally seen on the European cash open, the index was trading around 4865.00, now at 4878.00.
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  • initial support in Bund seen at 134.94 (in Dec) has so far held, there's also been some demand in the front Euribor (ERZ4), saw an earlier block trade of 7.6k at 97.18.
  • Eurex roll still dominates in Bonds, but desks swill also start to look at rolling their positions in ERZ4 into the end of the week and into next Week ahead of expiry on the 16th December.
  • European equities are also giving back their earlier gains, with Estoxx futures (VGZ4) close to fully reversing its rally seen on the European cash open, the index was trading around 4865.00, now at 4878.00.