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Stocks Edge Off Alltime Highs

EQUITIES
  • Following the trade hiatus on Monday, the e-mini S&P started the Tuesday session well and eked out a new alltime high of 4348. Price action has since faded, with the index slipping around 10 points off the high.
  • European markets are in minor negative territory, with Germany's DAX underperforming, while the EuroStoxx50 ebbs by 0.4% or so. Europe's financials are the lagging sector, with communication services not far behind.
  • Despite today's moves, the EuroStoxx Bank Index holds above support and ahead of the week's lows. Energy and healthcare names are at the top of the table.

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