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Stocks Hold Monday Recovery, Resistance In Tact

EQUITIES
  • US futures are consolidating, but are holding the vast majority of the Monday recovery, with the e-mini S&P just 10 points or off the overnight high. Futures point to a broadly unchanged open later today, with resistance looking fairly strong on any rally toward last week's best levels.
  • Across Europe, headline indices trade either side of unchanged, with the UK's FTSE-100 higher by 0.2% (on GBP weakness), while peripheral Italian and Spanish markets lag, lower by around 0.5% apiece.
  • Europe's real estate and energy sectors are best performers so far, although gains are countered by weakness in consumer discretionary and healthcare names.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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