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Stoxx600 unwinds early losses

EQUITIES
  • Stoxx600 has pared its early losses to trade back towards flat in early trading.
  • Real estate and Banks are leading in the red, while Consumer product and services are the early winners.
  • Estoxx future (VGH3) has a small opening gap up to ~4273.00.
  • A test above the latter, opens to 4281.00 High Feb 9, followed by 4303.20 2.382 proj of the Sep 29 - Oct 4 rise from Dec 20 low.

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