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Europe Follows US Higher as Uptrend Resumes

EQUITIES
  • Following the US CPI release Thursday, equities marched higher, resulting in the S&P 500 cash and futures markets hitting fresh alltime highs. This has filtered through to European stocks this morning, which sit uniformly higher. UK's FTSE-100 is the leader, higher by 0.6%, while Italy's FTSE-MIB sits just above flat.
  • The materials and consumer discretionary sectors are leading the way higher, while real estate and financials are the sole laggards.
  • In US futures space, markets are indicating a higher open on Wall Street, with the Dow Jones future outperforming, while the tech-led lags very slightly.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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