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Stocks Sink as Kabul Rout, Fed Taper Talk Dents Sentiment

EQUITIES
  • Equities across Europe trade solidly in negative territory, with the UK's FTSE-100 leading the decline to post losses of over 1%. This points toward a negative open on Wall Street, with the e-mini S&P some 15 points off the alltime highs posted last week.
  • Europe's energy sector is leading the decline, with consumer discretionary names not far behind. Real estate is the sole sector holding onto minor gains ahead of the NY crossover.
  • Sentiment has been dented by the ongoing scenes of chaos in Kabul, Afghanistan, as well as a WSJ report highlighting a number of FOMC members who are eyeing an end to asset purchases by mid-2022.

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