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European Stocks Mixed in Early Trade, Italy Leads, UK Lags

EQUITIES

Continental equity markets are mixed-to-flat, with Italy's FTSE-MIB outperforming (up 0.75%) while the UK's FTSE-100 lags, edging lower by 0.4% ahead of NY hours.

Energy and consumer staples are at the bottom of the pile in Europe, with consumer discretionary and tech names modestly outperforming.

In futures space, E-mini S&P volumes are running at about 80% of the recent average for this time of day and sit in very minor positive territory. The overnight high of 3,612 is still some way off the Monday/Tuesday highs at 3,637/3,630.

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

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