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Stocks Resume Incline After Thursday Pause

EQUITIES
  • Equity markets across both futures and cash are higher Friday, resuming their incline after a pause on Thursday. European markets are higher by 0.7-1.0% while US futures are making strong progress toward alltime highs. The e-mini S&P has traded within 1.50 points of the best levels on record printed back on July 14th.
  • Across Europe, the tech and materials sectors are leading the way higher, with just utilities and real estate names in negative territory (although only just).
  • The resumption of the equity uptrend has worked against VIX futures, which have come under modest pressure across European hours.
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