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Holding On To Gains

EQUITIES

Equity gains have been building steadily through the day, supported by rising optimism on the prospects of a US fiscal bill being agreed.

  • The e-mini S&P last traded at 3, 684 off a recent session high of 3,688. The Down Jones has similarly held on to most of the day's gains - last trading at 30,182 off a high of 30,243.
  • While the combined US fiscal bill/Covid vaccine rollout/Brexit optimism will keep global risk sentiment supported in the near term, tomorrow's flash PMI estimates are next obvious catalyst for price action.

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