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Recovering from their lows

EQUITIES
  • Equities are recovering from their lows, with some peculiar moves in early European trade with no clear sector theme, and potentially some CTA flows.
  • Both Estoxx and Emini futures have found support ahead of their respective supports noted at 4177.40 for VGU3 and 4433.50 for ESU3.
  • Rolling into December has clearly picked in Europe, while still more subdued in the US, ESU3/ESZ3 has so far traded 40.2k outright spreads.

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