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European Indices Mixed, But Bank Stocks Hit

EQUITIES
  • After the solid close on Wall Street Friday, European indices got off to a good start Monday, before performance turned more mixed ahead of the NY crossover. Germany's DAX and France's CAC-40 are higher by 0.4% or so, while Spain's IBEX-35 is underwater by a similar margin.
  • Bank stocks are a laggard across the continent, with banks holding exposure to Bill Hwang's Archegos Capital hit hard from the off. Among the largest decliners are Credit Suisse and Deutsche Bank.
  • US futures are softer, with the e-mini S&P lower by just over 15 points as markets roll off the strong close Friday.

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