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Stocks Bounce in Europe, France Leading

EQUITIES

Global equity markets have bounced throughout Asia-Pac and European hours Friday, with core European bourses uniformly higher. French stocks are outperforming, with gains of around 0.7%. Financials and tech names in Europe are outperforming, while defensive healthcare and utilities names are the laggards.

The e-mini S&P is higher by 10 points or so, but is still yet to top the Thursday highs which remain first resistance at 3930.00. VIX futures are in negative territory and remain on course to hit new 2021 lows should the current weakness persist in NY hours.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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