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EU Tech Stocks highest since 2000

EQUITIES
  • European Cash equities gap higher on the open, and immediate focus should be on the Tech sector, SX8P which has gapped above the 2024 high on the open, now trades at its highest level since December 2000, with the next big Psychological 900.00 level near by.
  • SX5E look to test next resistance at 5071.39.
  • Although Bank stocks (SX7E) gapped higher, the index remains closer to its 1 month low, with lower Yield likely not helping.

Chart source: MNI/Bloomberg.

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  • European Cash equities gap higher on the open, and immediate focus should be on the Tech sector, SX8P which has gapped above the 2024 high on the open, now trades at its highest level since December 2000, with the next big Psychological 900.00 level near by.
  • SX5E look to test next resistance at 5071.39.
  • Although Bank stocks (SX7E) gapped higher, the index remains closer to its 1 month low, with lower Yield likely not helping.

Chart source: MNI/Bloomberg.