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Equity Roundup


Stocks trading higher after the cash open, carry-over bid from late Tuesday and decent gains out of Asia and European bourses overnight:

Shanghai Shenzen CSI 300 gained +1.12% to 4649.2 (+51.4), Hang Seng rebounds +2.08% to 24831.0 (+507) after heavy selling prior session.

  • Europe: EuroStoxx currently +1.88% at 4195.0 (+77.5), DAX +1.72% at 15499.0; while FTSE +1.1% at 7584.
  • SPX eminis currently +1.01% at 4564.5 (+45.25).
Leading sectors:
  • Real Estate +1.82%
  • Consumer Discretionary +1.68%
  • Information Technology +1.54%
  • Materials +1.47%
Technicals: SPX eminis just over first resistance of 4563.47/4586.00 50-day EMA / High Feb 2. For bulls, a clear break of the EMA is required to suggest scope for a stronger rally that would open 4671.75 initially, Jan 18 high.
  • A stronger bearish reversal would instead refocus attention on the 4212.75 low from Jan 24. This remains the key short-term bear trigger.

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