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Markets Settle Close to Week's Low

EQUITIES
  • Despite the solid rally late on Thursday, equity markets sank on Friday to settle close to the week's lowest levels. The Doe Jones underperformed thanks to sizeable down-point contributions from Goldman Sachs, Chevron and Visa.
  • Across the S&P 500, energy names led losses, with materials and communication services not far behind. Twitter was the largest decliner in the index, shedding over 10% after earnings.
  • Continental markets were almost uniformly lower, with the EuroStoxx50 shedding 0.5%. UK's FTSE-100 was the standout, closing higher by 0.1% amid more broad GBP weakness.
  • Earnings season isn't over, however, with reports still due from Berkshire Hathaway, Pfizer, T-Mobile US and PayPal among others. Full earnings schedule here: https://roar-assets-auto.rbl.ms/documents/9732/MNI...

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