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EU Bank index eye support

EQUITIES
  • EU Basic resources are back to flat on the day, after gapping higher, helped by the latest rally in Iron Ore.
  • Stoxx600 is now more mixed, the index is just -0.06%, Construction, Retail and Tech lead, while Real estate, Energy, Auto/parts and Banks trade in the red.
  • Bank stock (SX7E) index has gapped lower today, but remain fairly close to Pre SVB crisis level.
  • The index printed a 115.66 high Yesterday vs 116.41 pre SVB.
  • Support for now in SX7E moves up to 113.68.
  • SX5E saw a high print of 4348.49 on Friday also the highest level since the start of August, but next upside area of interest will be at 4373.89.

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