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Indices Slide in First Hour of Trade

EQUITIES
  • An hour out from the opening bell, selling pressure accelerating across the e-mini S&P, with the index shedding around 30 points over the past hour to touch 4677.25 at the day's lows.
  • Volumes are healthy so far, with over 350k contracts trading inside the past sixty minutes, with Friday's lows of 4657.00 the next level to watch.
  • Energy names are leading losses, with softer WTI prices sapping explorers and refiners while consumer discretionary stocks also trade poorly.
  • Automobiles and carmakers continue recent underperformance, with Tesla shares under pressure from the off - with the stock sliding as much as 4% today.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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