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Post-Vaccine Trade Fades Once Again

EQUITIES

Equities continue to suffer from risk aversion early Thursday, with the post-vaccine trade fading once again (energy and financials underperforming in Europe, Nasdaq slightly outperforming in the US).

  • Asian stocks closed mixed, with Japan's NIKKEI down 93.8 pts or -0.36% at 25634.34 and the TOPIX up 5.76 pts or +0.33% at 1726.41. China's SHANGHAI closed up 15.785 pts or +0.47% at 3363.088 and the HANG SENG ended 187.32 pts lower or -0.71% at 26356.97.
  • European stocks are lower, with the German Dax down 162.46 pts or -1.23% at 13109.4, FTSE 100 down 55.67 pts or -0.87% at 6340.07, CAC 40 down 45.14 pts or -0.82% at 5485.14 and Euro Stoxx 50 down 41.06 pts or -1.18% at 3456.41.
  • U.S. futures are weaker, with the Dow Jones mini down 194 pts or -0.66% at 29197, S&P 500 mini down 22 pts or -0.62% at 3543.25, NASDAQ mini down 70.75 pts or -0.59% at 11826.25.

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