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Markets Mixed Ahead of Data Drop

EQUITIES

European equity markets are largely non-directional ahead of the Wednesday session, with US futures the same. Italian, French stocks are flat, while UK, German and Spanish markets lag very slightly. That's not to say there hasn't been notable price action overnight, with early strength in US futures putting the e-mini S&P within striking distance of the alltime highs posted on Nov 9th at 3668 - but this has faltered ahead of NY hours.

Across the continent, the underperformers this week have been defensive names, which are bouncing slightly with utilities, consumer staples and healthcare modestly higher, while profit-taking weighs on energy, financials and materials.

Focus remains on the deluge of US data brought forward to today due to Thursday's Thanksgiving holidays.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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