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Fed Guidance & Strong Earnings Support Equities

EQUITIES

Equity markets have benefitted from the Fed's reiteration of guidance surrounding its future policy path and stronger than expected earnings from the likes of Apple, Facebook, Ford & Samsung. The NASDAQ outperformed given the tech focus of 2/3 of the aforementioned U.S. equity names. The S&P 500 e-mini contract registered another fresh all-time high, while the major Asia-Pac equity indices also ticked higher, with the Hang Seng leading. A reminder that Japanese markets were closed for the observance of a national holiday.

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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