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Futures Indicate further Alltime Highs Imminent for S&P

EQUITIES
  • Following the solid close on Wall Street Thursday, markets have progressed further Friday, indicating new alltime highs are likely shortly following the open. Yesterday's high print of 4,461.77 extends the bullish posture and marks the 3rd consecutive record close for the index.
  • On the continent, indices are uniformly positive with Germany's DAX extending Thursday's outperformance to add another 0.5% ahead of the NY open. Spain's IBEX-35 is lagging slightly, but still trades with gains of 0.3% or so.
  • Europe's consumer discretionary and financials sectors are the strongest performers so far Friday, with energy and tech the only sectors in the red.
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