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Some early divergence

CROSS ASSET
  • Some divergence in early trade with Govies and Equities, Bund touch session low and in the red, while Equity futures extend to session high.
  • Resistance in Estoxx future (VGZ2) is still at the Monday's gap up to 3963.0, printed a 3963.00 high yesterday.
  • The Dollar remains on the back foot and in the red across the majors, with risk tilted to the upside.

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