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European Markets Mixed, While Wall Street Edges Higher

EQUITIES
  • Continental equity markets are mixed early Thursday, with peripheral markets inching higher (Italy and Spain outperform) against a core market that's broadly flat. Europe's tech names are outperforming in the Stoxx600, with utilities and communication services not far behind. Laggards today include mainly healthcare and energy names.
  • Meanwhile, the e-mini S&P is off the overnight lows, but has so far made little attempt at the Wednesday highs of 4739.50, which become the first upside target. The index continues to trade above the 50-day EMA and above Monday's low 4572.75, the key short-term support.

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