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Progress Hampered by China Headlines

  • Stocks traded well across the European morning and Asia-Pacific session, feeding through into higher US futures ahead of the Thursday Wall Street opening bell. The e-mini S&P cleared the Monday open, touching 4424.75 at the intraday high.
  • Equity progress faded slightly on WSJ reports surrounding Evergrande, however, with sources reporting that Chinese authorities had asked local governments to prepare for the potential downfall of the Evergrande group.
  • Europe's gains are led by Italy's FTSE-MIB and Germany's DAX, both of which trade with gains of around 1% apiece. Tech and consumer discretionary names are leading progress, but all sectors are trading in the green.
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