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Europe Rebounding On Cyclical Gains

  • China / Hong Kong markets closed higher: SHANGHAI closed up 50.042 pts or +1.55% at 3278.103 and the HANG SENG ended 548.46 pts higher or +2.7% at 20846.18. (Japanese markets were closed for holidays.)
  • European equities are stronger across the board, with the pro-cyclical Energy, Materials, and Consumer Discretionary categories leading: German Dax up 183.39 pts or +1.43% at 12653.8, FTSE 100 up 102.72 pts or +1.43% at 7138.78, CAC 40 up 81.25 pts or +1.35% at 5957.96 and Euro Stoxx 50 up 50.93 pts or +1.46% at 3425.01.
  • U.S. futures are higher, with the Dow Jones mini up 305 pts or +0.98% at 31552, S&P 500 mini up 42.25 pts or +1.09% at 3907.25, NASDAQ mini up 158 pts or +1.32% at 12165.5.

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