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European Markets Mixed, US Futures Lower

EQUITIES

US equity futures are on the backfoot ahead of NY, although the e-mini S&P has bounced off the overnight lows of 3602.75 to minimise losses ahead of the cash open later today.

Reflecting the continued on/off nature of the post-vaccine reflation trade, tech firms are modestly outperforming in the US, with the NASDAQ future indicating a higher open later today, standing out against the S&P, Dow Jones markets.

In Europe, markets are more mixed, with Spanish, Italian equities underperforming (down 0.6%, 0.4% respectively) while UK's FTSE-100 and Germany's DAX trade in the green. Across the continent, healthcare, real estate and industrials are at the top of the pile, while energy, financials and utilities slip.

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