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EuroStoxx50 Hits New Post-GFC High

EQUITIES
  • US equity markets were mixed early Monday, with the S&P 500 in minor negative territory from the off while the Dow Jones very slightly outperformed.
  • Utilities and communication services were the top performers, with financials and energy at the bottom-end of the table. Banks suffered on contagion concerns from the fallout of Archegos Capital, although a number of US banks looked to clarify that their exposure is contained.
  • Stocks in Europe were mixed, with UK and Spanish equities lagging, while the EuroStoxx 50 resumed its uptrend. The index hit its best level since the Global Financial Crisis, extending the recovery from the Coronavirus low to close to 70%.
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