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EQUITIES: Luxury counters Tech, some focus on the Bank Index.

EQUITIES
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  • Not quite a new record high for the Cash Estoxx as it would need a test up 5260.00, now at 5239.00, the luxury sector is countering the spike in Tech, and no surprises in seeing the Tech sector up 4.28% in early trade following ASML Earning beat.
  • The Bank index (SX7E) one of the more interesting chart in early 2025 is testing Yesterday's high at 161.70.
  • Main upside initial target resides at 163.34, the 2014 high, and the highest printed level since July 2011.

(Chart source: MNI/Bloomberg).

SX7E Index (EURO STOXX Banks Pri 2025-01-29 08-23-51
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  • Not quite a new record high for the Cash Estoxx as it would need a test up 5260.00, now at 5239.00, the luxury sector is countering the spike in Tech, and no surprises in seeing the Tech sector up 4.28% in early trade following ASML Earning beat.
  • The Bank index (SX7E) one of the more interesting chart in early 2025 is testing Yesterday's high at 161.70.
  • Main upside initial target resides at 163.34, the 2014 high, and the highest printed level since July 2011.

(Chart source: MNI/Bloomberg).

SX7E Index (EURO STOXX Banks Pri 2025-01-29 08-23-51