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Stocks on Front Foot, Recovering Off Negative Wednesday Close

EQUITIES
  • US equity futures sit in positive territory, rebounded modestly off the negative cash close on Wall Street Wednesday. The e-mini S&P trades higher by just over 15 points, but remains shy of the week's best levels printed up at 4643 on Tuesday.
  • European markets are more mixed, with upside across EuroStoxx50, German and French markets countered by slippage across UK, Spanish and Italian names.
  • The S&P E-minis outlook remains bullish and futures remain above recent lows. Another all-time high print on Nov 5 confirmed a resumption of the uptrend and the focus is on 4717.00 next, a Fibonacci projection.

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