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Risk Appetite Returns, US Stocks Again at All Time Highs

EQUITIES

After a flatline session Tuesday, US equities have resumed their march higher across Asia-Pacific and European trade, with futures rising to touch new all time highs ahead of the NY open. The e-mini S&P rose to touch 3924.00 in overnight trade, helping buoy European indices at the open.

There are some laggards, however, with Spain's IBEX-25 slipping slightly to post losses of 0.6% at the midway point, with Spanish real estate names providing some downside.

Across Europe, energy and industrials are lower, while materials and financials trade well. In the US, focus remains on earnings. Coca-Cola, General Motors and Western Union are all due today.

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