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Stocks Open Modest Gap With Alltime Highs

EQUITIES

Equities traded lower Monday, but only marginally so - opening a gap with the alltime highs posted on Friday. Price action was muted with volumes below average, with no major range-breaks or challenges of key support. In the US, real estate and utilities names led declines, while energy and healthcare were among the only sectors in the green.

Going forward, US earnings take focus, with big banks unofficially kicking off proceedings on Friday as Wells Fargo, Citigroup and JPMorgan all report.

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