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AUSSIE 10-YEAR TECHS

(Z1) Shallow Bounce

USDCAD TECHS

Trend Needle Still Points North

WHITE HOUSE

Biden Losing Support On COVID-19 Strategy: Poll

AUDUSD TECHS

Slide Accelerates

LATAM

Snapshot: USDMXN Set To Post Highest 2021 Close

EURJPY TECHS

Still Looking For Weakness

EQUITIES
EQUITIES: European stock markets are easing off recent highs early Tuesday, with
core markets off 1.0-1.4%, with Germany's DAX underperforming while Italian
stocks post far shallower losses of 0.4%.
- The sectoral breakdown shows no uniform swing in sentiment (i.e. defensives
outperforming cyclicals), with real estate, healthcare and tech the hardest hit
sectors while utilities and consumer staples are lower, but only mildly so. The
sharpest individual fallers today include large cap German names (denting the
DAX in particular) after an adverse judge ruling on Bayer's Roundup settlement
plans, with lockdown-sensitive firms including UK's Whitbread and Compass Group
also dropping.
- Outperforming today are UK homebuilders Redrow, Barratt Development and
Persimmon ahead of tomorrow's Summer Statement from UK Chancellor Sunak, who may
slash stamp duty on homes up to Gbp500,000.
- US futures are suitably lower, easing off overnight highs of 3,184, but remain
comfortably above the Monday lows which keeps the outlook positive.