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European Stocks Stage Shallow Bounce

EQUITIES

Equities bouncing slightly in Europe, with the EStoxx50 up around 0.25%. Across Europe, communication services are seeing the biggest bounce (sector's up 1.2%) but financials are still lagging with the sector flat as markets digest disappointing earnings releases from Credit Suisse and Standard Chartered.


  • The e-mini S&P broke and closed below the 100-dma at 3302.29 yesterday for the first time since end-February.
  • Earnings take front and centre Thursday, with 3 $trillion companies due to report: Amazon, Alphabet, Apple & Facebook are due after the close.

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