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Stocks Stabilise, But No Sharp Recovery Yet

EQUITIES

Continental stock markets are higher, with mainland indices up 1-1.5% a few hours after the European opening bell. Indices are primarily stabilising after the downside seen late last week, but the recovery is still well short of Thursday's best levels.

Across Europe, all sectors are in the green, with consumer discretionary and financials the best performers. Still higher, but at the bottom end of the table, are utilities and communication services.

The e-mini S&P continues to find support at the 50-dma of 3805.77. The index showed below there on Friday, but failed to close below - keeping the level intact for now.

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

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