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Stocks Solid, But Off the Day's Highs

EQUITIES

US futures sit in minor positive territory, but are well off the session's best levels ahead of the NY open. Nonetheless, tech names continue to underperform as NASDAQ futures sit in minor negative territory.

  • European cash markets look more solid, with gains of 0.2-0.5% for most core markets. German markets lag slightly, with the DAX broadly flat on the day.
  • Energy names are fuelling the gains, with European refiners and oil services firms trading particularly well. Defensive consumer staples and healthcare names are the laggards in the Stoxx 600.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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