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Equities are recovering somewhat with...>

MARKET TALK
MARKET TALK: Equities are recovering somewhat with S&P sitting in green
territory and Estoxx trading close to the high of the day.
-BTP has retraced the whole sell off on the open with the German/Italy 10yr
spread moving back from 12bps to just 4bps wider now. 
* Most of the focus for Italy is on the S&P rating after European close, which
has kept the EUR better offered, but still fairly mixed against G10 currencies.

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