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Stocks Eke Out New Alltime Highs

EQUITIES

Fiscal stimulus prospects remain the key driver for equities across Europe and the US. With US lawmakers narrowing differences and making a $900bln stimulus package more likely by the end of the week, markets were bid higher, resulting in new alltime highs for the S&P 500. Real estate and materials sectors were the strongest performers, with energy and communication services lagging.

The VIX resumed its decline, with a test on the late November lows of 19.51 now looking likely.

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

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