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Stocks Mixed, With European Core Outperforming Periphery

EQUITIES
  • European equity markets are mixed, with core Europe outperforming the periphery at the midpoint. EuroStoxx50 and DAX higher by 0.4% while Italian, Spanish headline indices shed 0.4-0.6%.
  • Weakness in European energy names is countering strength across industrials and consumer staples, as a moderation in the crude oil rally sees oil & gas exploration names top out slightly.
  • In futures space, US indices are mainly higher, indicating a positive open on Wall Street later today. Gains are modest, however, with the e-mini S&P only a few points about water at pixel time.
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