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Stocks Flat Into the Close, CPI Awaited

EQUITIES
  • Equity markets saw some intraday volatility Tuesday, before closing broadly flat as markets await the key US CPI update and ECB rate decision due in two days' time.
  • The e-mini S&P came under pressure ahead of the open as sizeable outage for a number of the world's largest websites (including Amazon and the New York Times) were knocked offline after an outage at global CDN provider Fastly. These losses were reversed ahead of the open, but those looking for all time highs were left wanting.
  • Losses across utilities and consumer staples were countered by firmer consumer discretionary and energy names - the latter being flattered by further strength in WTI and Brent crude futures prices.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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