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Stocks Shake Off Lower Open

EQUITIES
  • A lower open for stocks saw futures trade heavy, resulting in the e-mini S&P hitting March 9 lows, before sentiment turned ahead of the close and indices staged a modest bounce to trade in the green ahead of the close.
  • The S&P500 traded heavy from the off, with energy firms leading losses as oil markets reversed the Wednesday rally. The sell-off abated after the London close, with utilities, materials and financials leading the bounce.
  • Across Europe, sentiment was more mixed. The UK's FTSE-100 was the laggard, slipping by 0.6% while Germany, French indices held just above unchanged on the day.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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