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Stocks Suffer, Gap Opens With Last Week's Highs

EQUITIES
  • US equity futures are uniformly lower, with all three major index futures indicating a lower open on Tuesday. The e-mini S&P has now opened a gap of around 45 points with the all time highs printed late last week.
  • Weakness off the all time highs continues to work in favour of the VIX, which traded in the green yesterday and will likely do so at the Tuesday open as per futures markets.
  • Across Europe, continental indices are similarly weak, with Spain's IBEX-35 and France's CAC-40 suffering. Europe's financials sector is the poorest performer, closely followed by both consumer discretionary and consumer staples names.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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