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(U1) Fades Off 2021 Highs


BMO Maintain "Range-Trading Bias"

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  • Stock markets across Europe are mixed ahead of the Wednesday NY open, with France's CAC-40 slightly higher, while Spanish stocks are lower by a similar margin.
  • Europe's utilities and healthcare sectors are modestly outperforming, underlining the slight risk-off theme present in markets. Consumer discretionary, real estate and financials are the laggards.
  • US futures are non-directional, with traders seemingly sitting on the sidelines ahead of this evening's Fed decision.