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Stocks Solid into the Close After Shaky Start

EQUITIES

After a shaky start to the Friday session, a short, sharp bout of risk-on boosted equities well out of negative territory ahead of the close, with US indices leading. The e-mini S&P rallied 20 points or so after the London close, challenging 3920.50 - a break through which would open the all time highs of 3928.50.

Energy and materials outperformed, benefiting from the bounceback in crude oil prices, while utilities and real estate traded softest. Across Europe, UK stocks outperformed, with the FTSE-100 top of the pile while German, Spanish stocks lagged.

MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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