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Stocks Bounce, But Recovery Shallow

EQUITIES
  • Equity markets are higher early Tuesday, with markets bouncing off the Monday NY session lows. Nonetheless, the recovery so far has been somewhat shallow, with the e-mini S&P at around the 50% retracement for the Friday-Monday range.
  • Across Europe, the financials and energy sectors are leading the bounce, with consumer staples and healthcare names at the foot of the table - providing further evidence of modest risk-on appetite Tuesday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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