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Free AccessEstoxx (VGU0) jumps 32 points, and not.....>
EQUITIES: Estoxx (VGU0) jumps 32 points, and not seen any obvious new catalyst.
-It is also difficult to imaging that it would have been on the back of those
UK/Airline headline: "BA, Easyjet, Ryanair start legal action against quarantine
rules".
-The timing of the move and the headline was close, but the fundamental doesn't
make sense. Unlikely to have the driver.
-Some suspect, that this more likely related to short term profit taking, or
unwinding, during the cash open, since the Estoxx has fallen 8% since Wednesday
To read the full story
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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.