European markets sit in minor positive.....>

EQUITIES: European markets sit in minor positive territory ahead of the NY

crossover, but have sold off some of the session's gains as US equity futures

retreat from the Asia-Pac highs. In Europe, around 390 firms in the Stoxx600 are

trading higher today, with tech, healthcare and consumer discretionary the

strongest on a sectoral basis. As was the case yesterday, energy and financials

firms are lagging.

- EuroStoxx50 futures hit a new weekly low overnight at 2745 which provides

initial support, as well as the 23.6% Fib of the March recovery at 2741.93.

Bulls need to top 2922 to hit new cycle recovery highs.

- Earnings in the US remain a driver. BlackRock shares sit higher by 1.6%

pre-market, BNY Mellon are higher by 5.4% while Morgan Stanley are broadly flat.

- The VIX has seen some support after yesterday's equity sell-off and continues

to trade either side of the 50-dma.

- 50-dma remains the key bull trigger for e-mini S&P at 2867.64. Attention turns

to US initial jobless claims in just under an hour's time.