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Mixed Earnings Lead Index Futures Lower

EQUITIES
  • Stocks are mixed across Europe, with the EuroStoxx50 flat. French and Italian stocks are in retreat, while German, Spanish and UK indices march higher.
  • In Europe, materials and real estate names are trading softer, while healthcare and communication services trade more favourably.
  • US futures are soft, taking profit on the late rally posted Tuesday off the 4,168 low. Index futures are shrugging off support from some solid after-market earnings Thursday, with Amazon higher by 2%. Contrasting with Facebook's solid performance this week, Twitter sank over 10% after their report yesterday.
  • Price action so far Friday has seen the e-mini S&P hold inside Thursday's range, which keeps the directional parameters at 4,168 to the downside, while 4,211 - the all time high - remains the target.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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