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US TSY FUTURES

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Europe Softer, US Resilient

EQUITIES
  • Global equity markets started the session well, with the Asia-Pac/European crossover resulting in further momentum for US stock futures, which touched new highs of 4192.50. Stocks have somewhat stalled since, inching lower throughout the European morning to sit in only minor positive territory ahead of the opening bell.
  • European futures are underperforming their US counterparts somewhat, while Italian stocks lag (Italy's FTSE-MIB is lower by 0.5%).
  • Europe's materials and finance sectors are leading losses, while only the tech and healthcare sectors trade higher.
  • Focus remains on earnings, with reports from GE, UPS, 3M, Visa, Alphabet and Microsoft all due.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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