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Further downside momentum in Equities

CROSS ASSET
  • Estoxx (VGM2) hit in over 5k, after the contract closed the gap, mentioned on the open down to 3585.00.Next support is now at 3520.00
  • Emini on the follow, is through new session low, and targets immediate support at 3855.00/3843.25 Low May 12 / Low Mar 25 2021 (cont)
  • Earlier latest block in 5yr (suggest buyer): FVM2 5k at 113.04.
  • Tnotes also at session high.
  • Bund sees next resistance at 154.20.
  • Risk off leads cross assets, with investors favouring safer haven.
  • US Retailers warned of rising cost pressures yesterday, and Global inflation concerns have put pressure in Equities.

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