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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.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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