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Equities take another leg higher

CROSS ASSET
  • Bund has again tested that 132.88, while {us} TYU3 saw small cumulative clip buyer of 3k, but a mixed price action at the upper range, met by sellers.
  • In Europe, desks keep their eyes on Equities, which are trying to make new intraday and multi year highs.
  • Emini has been underpinned by Europe, and at current levels, cash SPX, will be set to open +0.3% in just under an hour, close to the 4600.00 mark.
  • As noted next immediate resistance in VGU3 is at 4515.00 High Nov / Dec 2007 (cont).
  • In Cash, SX5E is close to 4502.80, the December 2007 high.

Chart source: MNI/Bloomberg.

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