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Multi Year highs for EU Bank stocks and a record high for Stoxx600

EQUITIES
  • SXXP (Stoxx600) is at a new all time record high, and although a couple of sectors, Real estate and Telecom are in the red, Auto/Parts and Banks are leading, up 1.95% and 1.85% respectively.

For Banks:

  • SX7E is through a new highest level since May 2018.
  • SX7P Trades at its highest level since March 2018.
  • Next resistance in SXXP is at 510.00.

Chart source: MNI/Bloomberg.

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