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Stocks Hit Speed Bump, But Little Sign of Any Material Dip

EQUITIES

Stocks across Europe are in minor negative territory early Wednesday, following on from the pullback in US futures overnight. The downside is mild, with losses contained to 0.2-0.6% for continental bourses while US futures are circling at and around yesterday's lowest levels.

Consumer discretionary and tech names are leading losses on the continent, while energy and materials firms are spared from the bulk of the losses.

  • Equity indices remain bullish despite Tuesday's pullback, E-mini S&P futures have edged higher and are moving towards the psychological 4000.00 handle. An initial objective is at 3988.40, 2.236 projection of the Sep 24 - Oct 12 - Oct 30 price swing last year.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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