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Sizeable Sell Programmes Send Prices Lower

EQUITIES
  • Some weakness evident in US equities over past few minutes, with the e-mini S&P plumbing a new session low of 4423.25. Largest sell programmes of the session go through on the downtick, with 1232 names sold.
  • Moves coincide with further reports that Russia have not withdrawn troops from the Ukrainian border - despite authorities insistence that operations in Crimea and to the east have ceased.
  • Ukraine's Zelensky latest to add to that narrative.
  • Move also times well with WSJ headlines citing a series of incidents between Russia, US aircraft over the Mediterranean Sea - while the events took place a few days back, still certainly a cause for concern.
  • 4354.00 marks first support for stocks, the Feb 14 low. Break below here exposes 4263.25, the lows from Jan 27
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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