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U.S. equity index futures edge higher......>

EQUITIES
EQUITIES: U.S. equity index futures edge higher after Thursday's afternoon rally
on Wall St., which was driven by speculation surrounding M&A in the banking
sector (as Fox pointed to Goldman Sachs being on the lookout for an
acquisition), which allowed the space to more than reverse its early losses that
came in lieu of bubbling Sino-U.S. tensions.
- A bid in crude oil prices also aided sentiment.
- Focus continues to fall on fiscal matters, with the Trump administration
reportedly open to a fresh round of pay check payments (although there are some
divisions within the admin). Senate majority leader McConnell didn't rule out
fresh fiscal stimulus, but wouldn't be drawn to committing to a timeframe, while
House speaker Pelosi pointed to everything being on the table in fiscal
discussions.
- The Nikkei 225 is trading higher in earlier Tokyo trade as a result of the
above, in addition to confirmation that 39 Japanese prefectures will re-open
ahead of schedule (although Tokyo was not amongst the 39 names). The Japanese
benchmark sits over 1% higher on the day.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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