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Stocks Float Higher Pre-Fed

EQUITIES
  • Equity market sentiment globally is more positive, with the re-opening of Chinese markets being well received despite concerns surrounding the property development sector.
  • European equities sit higher ahead of the NY crossover, with upside led by the UK's FTSE-100 and the France's CAC-40 which trade higher by 1.0% or more. Germany's DAX lags slightly, with gains of just 0.6% at pixel time.
  • Europe's energy and financials sectors are leading the gains, while healthcare, tech and utilities are the sole sectors in the red.
  • US futures are similarly positive, with the e-mini S&P on the front foot by 0.4-0.6%.
  • The e-mini S&P has recovered back above the 100-dma, but are yet to touch the Tuesday or Monday highs at 4395.75 and 4418.00 respectively.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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