Free Trial

Eurozone Stocks Generally Firmer, UK's FTSE-100 the Laggard

EQUITIES
  • Eurozone equities generally firmer an hour into cash trade, with the EuroStoxx50 adding 0.3%. Outliers are France's CAC-40 higher (+0.6%) and UK's FTSE-100 lower (-0.05%)
  • EuroStoxx50 futures are higher for a third session, sitting on the 100-dma at 4289.4 but are yet to erase the sharp losses posted last Thursday. 2% rally needed from here to close that gap, which would bring contract highs at 4447.00 into play.
  • Real estate and materials names outperforming, countered by slightly softer communication services and healthcare names. Despite positive price action in the headline index, EuroStoxx Banks are softer, failing to build on the two-day rally after US payrolls.
  • US futures are mixed/flat, pointing to a relatively directionless open later today, with few risk events left on the daily calendar: German ZEW survey is the sole release left.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.