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Stocks Mixed, Largely Non-Directional

EQUITIES
  • Equity markets across Europe are mixed, with little uniform direction as traders await further macro cues. Newsflow, and therefore volumes, have been thin, keeping markets close to recent highs, but making no convincing move in either direction.
  • Europe's tech sector outperforms, propping the Stoxx600 into positive territory, but continued weakness is observed in the energy sector - which remains under pressure from this week's downtick in oil prices.
  • Futures reflect the drift in Europe, with the e-mini S&P flat, while the NASDAQ sits in very minor positive territory.

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