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European Cash, US Futures Markets Make Progress

EQUITIES

Ahead of today's Nonfarm Payrolls release, global equity markets trade well, with core European indices higher by between 0.2-0.9%. UK's FTSE-100 slightly outperforms, while the DAX in Germany lags slightly.

Across Europe, energy firms are surging, echoing the price action seen earlier in the week, with communication services not far behind. Utilities are the sole sector in the red, with defensive names underperforming.

Notable individual stocks include oil & gas firms Repsol, BP and TechnipFMC, which are all following the oil price higher as WTI crude futures touch fresh multi-month highs.

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