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Stocks Modestly Softer Shortly Following the Open

EQUITIES
  • European equity trade a touch negative shortly following the open, with France's CAC-40 underperforming slightly (off 0.3%). Spain's IBEX-35 hold just above water, but is edging lower at typing.
  • Europe's energy sector is worst off, with the likes of Royal Dutch Shell, BP and Repsol all lower as oil benchmarks hold close to recent lows.
  • Defensive healthcare and utilities names are making gains, underscoring the modest risk-off feel that's been present in markets from the Monday open.
  • The US consumer remains a focus for the Wednesday session, with Lowe's, Target and TJX earnings all due today following on from Walmart's report yesterday.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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