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EU Cash Equities are leading higher

CROSS ASSET
  • While Estoxx futures trades off its printed high, cash (SX5E) is through Yesterday's high and look to close Monday's gap, although not a good Technical study to use for these type of contract, 4639.22 (gap) will be the initial area of interest.
  • Banks stoxx are leading in the Stoxx600, up 1.53%.
  • For the SX7E index, it is still just short of Yesterday's high of 131.91, now trading at 131.19.
  • Price action in Cash Equities seems to keep the pressure on EGB's as Desks unwind some of the recession trades, Bund is through the 134.32 gap, down to 134.19.

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