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Paring further gains

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  • European Equities are seeing further unwind, after futures gapped higher overnight and Cash Indices gapped higher on the Open.
  • For VGU4, the contract would need to see further downside momentum down to 4939.00 to close it.
  • Cash SX5E, would need a test to 4893.88.
  • Bank stocks are still the best performers, but the Sector is only up 1.43% in the Stoxx600.
  • For the SX7E Index, the resistance noted at 141.44 held, printed a 141.36 high, while the opening gap is still further out, down to 136.81.
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  • European Equities are seeing further unwind, after futures gapped higher overnight and Cash Indices gapped higher on the Open.
  • For VGU4, the contract would need to see further downside momentum down to 4939.00 to close it.
  • Cash SX5E, would need a test to 4893.88.
  • Bank stocks are still the best performers, but the Sector is only up 1.43% in the Stoxx600.
  • For the SX7E Index, the resistance noted at 141.44 held, printed a 141.36 high, while the opening gap is still further out, down to 136.81.