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Equities Heave Back to ATH

EQUITIES
  • All three major US indices traded solidly Friday, showing above the week's best levels to print a new alltime high.
  • The S&P 500 was buoyed by a resurgence in financials, with a steepening Treasury curve helping support as markets look ahead to the beginning of Q3 earnings season.
  • Banks are the first focus, with Goldman Sachs, JPMorgan, BofA, BlackRock, Citi and Wells Fargo among others all due to report. (Full timetable with timings, EPS and revenue expectations here: https://roar-assets-auto.rbl.ms/documents/10738/MN... )
  • European indices were similarly strong, with France's CAC-40 surging over 2% into the close, closely followed by the EuroStoxx50 and Italy's FTSE-MIB.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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