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Indices Fade After Multi-Day Run Higher

EQUITIES
  • Headline indices across Europe are lower in early Friday trade, with prices rolling off their Thursday highs after several sessions of strength.
  • Consolidating and profit-taking are largely responsible for the price action, with Europe's tech, real estate and consumer discretionary names leading the way lower. Energy is the sole sector in the green, with the run-up in WTI and Brent crude futures still buoying the sector.
  • The e-mini S&P sits slightly lower, with the index holding either side of the 50-dma at 4434.37, a level that bulls need to clear and close above to secure any recovery toward the alltime highs posted in early September.
  • Fed speakers due later today including Powell, Bowman, Mester, Bostic and others will be a market focus, with the first on-the-record commentary since Wednesday's Fed decision.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market News

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