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Sales Program Helps Drive New Lows in the E-mini S&P

EQUITIES
  • Modest wave of weakness across US stocks puts the e-mini S&P at the lowest levels of the day - 4135.25 the new low, although the downtick has stabilised.
  • The NYSE Tick index shows the low coinciding with the largest net sales program of the day so far (1,222 names sold) to add pressure. No notable headlines or newsflow crossing to drive the weakness.
  • Volumes are just ahead of average for this time of day across the active e-mini S&P future - with the PMI beat helping stimulate activity: total volumes around 20% ahead of average for this time of day.

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