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Stocks Recover Off Lows, Wall Street Pointed Higher

EQUITIES
  • Equities off to a solid start Friday, with core European indices on higher footing following the modest rebound across Asia-Pacific indices. Core Europe trades higher by 0.3-0.4% in early trade, although Spain underperforms with the IBEX-35 off around 0.1%.
  • Tech names are contributing to the more solid session, with consumer discretionary and financials sectors also in the green.
  • The e-mini S&P is comfortably off yesterday's lows, with the 20-day EMA providing solid support at 4486.1. Any further bounce needs to show above yesterday's highs at 4529.50 to indicate any further progress.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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