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EQUITIES: EU Bank Index looks to test the 2011 high

EQUITIES
  • Given the Risk On tone in Europe ahead of the German vote, and the continuation higher in broader European indices, focus turns to the {SX7E Index} Banking Index, while it is not the leading sector, it has now broken through the March high, highest since 2011.
  • Next resistance is at 197.88, the 2011 high, but some Investors might favour the Psychological 200.00 level for the next resistance area.

(Chart source: MNI/Bloomberg).

SX7E Index (EURO STOXX Banks Pri 2025-03-18 08-38-03
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  • Given the Risk On tone in Europe ahead of the German vote, and the continuation higher in broader European indices, focus turns to the {SX7E Index} Banking Index, while it is not the leading sector, it has now broken through the March high, highest since 2011.
  • Next resistance is at 197.88, the 2011 high, but some Investors might favour the Psychological 200.00 level for the next resistance area.

(Chart source: MNI/Bloomberg).

SX7E Index (EURO STOXX Banks Pri 2025-03-18 08-38-03