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(U2) More Stable But Still Fragile


Trend Structure Remains Bullish


Cautious Risk Appetite Gains Momentum


Key Support Still Exposed


Late Equity Roundup: 2W Highs

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EU: If story on EU budget proposal is accurate (see 16:23 bullet), it shows some
compromise by both the 'frugal' and the 'Friends of Cohesion' blocs of member
- Cap of 1.07% of EU's GNI is around the 1.074% of GNI cap proposed by Council
President Charles Michel. Initially opposed by both the frugals, who wanted 1.0%
GNI cap, and the Friends of Cohesion, who wanted higher spending at 1.1% of GNI.
- This morning the mood among member state leaders was downbeat on the prospect
of a budget being agreed at this Brussels summit. 

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