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Stocks Hold Post-Fed Gains, Tech Leads

EQUITIES
  • Equity markets across Europe trade solidly throughout the Thursday morning, with the EuroStoxx50 adding close to 1.75% and moving in lockstep with US markets, that cemented a very positive close post-Fed.
  • Europe's tech and energy names are leading the gains, but all sectors tracked are higher ahead of the NY crossover.
  • S&P E-minis rallied yesterday and have started today's session on a firmer note. Attention is once again on key resistance and the all-time high of 4735.00, the Nov 22 high. The contract has remained above the 50-day EMA, at 4586.92, reinforcing the current bullish theme. A break of 4735.00 would confirm a resumption of the uptrend and open the 4800.00 handle. A break of the 50-day EMA is required to alter the picture.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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