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Stocks More Mixed But Futures Indicate a Higher US Open

EQUITIES
  • Markets are more mixed ahead of the NY open, with European indices trading either side of unchanged. The EuroStoxx50, CAC-40 and FTSE-100 sit just above unchanged, while Germany's DAX and Spain's IBEX-35 are in minor negative territory.
  • Europe's energy and healthcare sectors are the strongest performing names, while utilities and industrials counter at the bottom-end of the table.
  • US futures are more positive, with the e-mini S&P, NASDAQ and Dow Jones futures indicating a modestly positive open. S&P E-minis remain below recent highs following Tuesday reversal lower. The contract is back below the 50-day EMA - the average intersects at 4407.78 today. A deeper sell-off would highlight a bearish threat and the risk of a pullback towards the key support at 4293.75, Sep 20 low.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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