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Risk-Off Move Sends Eurostoxx 50 To 4+ Month Lows

EQUITIES

Eurostoxx 50 1st futures drop through the May low of 4,216 to the lowest level since March with the cash index off 0.7%.

  • The sectoral composition of the drop suggests it's a risk-off move: real estate / Consumer discretionary / Real Estate / Financials leading the way lower down 1+% each, with defensives like Utilities, communications flat.

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