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EU Bank stocks in Focus

EQUITIES
  • Basic resources, Travel/Leisure and Tech might be the leading sectors in Stoxx600, but focus is squarely on Banks (SX7E).
  • Although the Index is off its best level, it did print a fresh multi Months high this morning, highest since March.
  • Main target is still at 119.73, the February and March high, and the highest level seen since May 2018.

Chart source: MNI/Bloomberg.

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