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Stocks Mixed, Europe Lags While US Futures Remain Firm

EQUITIES
  • European indices are mixed ahead of Wednesday NY hours, with UK's FTSE-100 outperforming while Spanish, Italian markets lag and the EuroStoxx50 sits lower by 0.2%.
  • Across the Stoxx600, real estate, utilities and communication services firms are at the top of the pile, while healthcare and tech names are anchoring European indices.
  • Stocks tied to economic re-opening remain strong, suggesting an underlying strength in the vaccine investment thesis, as Deutsche Lufthansa and Carnival are among the best performing names on the continent.
  • In futures space, the three main US indices are higher, indicating a better open on Wall Street later today. Tech-led NASDAQ futures are strongest, higher by around 0.2%, while the S&P and Dow Jones futures are just above unchanged.

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