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Strong Showing to Start the Week

EQUITIES

Continental equity markets trade firmer Monday, with mainland bourses higher by 1-1.8%. Peripheral stocks outperform, with Italian and Spanish names higher. Core still trades well, however, with the DAX in Germany adding just over 1%. The UK's FTSE-100 lags slightly despite Brexit optimism, as GBP's progress dampens gains.

In the US, futures are also in the green, with the e-mini S&P adding close to 25 points and indicating a higher open later today.

Financials and energy names outperform across Europe, with defensive staples and healthcare stocks lagging, inline with the general risk-on theme so far.

UK banks trade particularly well on positive Brexit newsflow, with the likes of Natwest, Barclays and Lloyds Banking Group higher by 5% or more. Video game maker CD Projekt is the poorest performing stock in the Stoxx 600 after their much awaited Cyberpunk 2077 release was met with poor reviews.

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