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Stocks Improve Further, E-mini S&P Shows Above Friday High

  • US equities further in favour in recent trade, tipping the e-mini S&P to new daily highs at 4410.50. Move coincides with topping out of the US 10y yield, and with the pullback in the oil price (on the back of headlines that the US will ease sanctions on Venezuelan oil) also favouring equities.
  • E-mini S&P shows just above Friday's 4407.75, but still shy of last week's best levels of 4430.50. Materials and consumer discretionary names leading the gains, but all sectors are in the green an hour out from the opening bell.
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