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Seventh Consecutive Session of Record Highs

EQUITIES
  • US stock futures inched to a new record Friday, meaning the e-mini S&P has hit new all time highs for seven consecutive sessions. Gains were uniform across the three major cash indices, with the surge fuelled by outperformance in materials and utilities, with energy firms the only major laggards.
  • A solid session for European equities, with the DAX outperforming and closing higher by over 1.3% as all sectors finished higher. Gains were fuelled by a solid rally in Siemens shares, which resulted in the company hitting new all time highs.
  • Earnings remain a focus in the coming week, with 14% of the S&P 500 by market cap due to report. Highlights include IBM, Intel, Johnson & Johnson and Netflix among others.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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