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Upside in equities at the open appears.....>

EQUITIES
EQUITIES: Upside in equities at the open appears short-lived, with core European
indices returning to the red in just under an hour. German, French and UK
bourses are now all around 1% lower, with US futures following suit.
- Across the Stoxx 600 the split between higher/lower stocks has tilted lower
with around 250 stocks trading higher, while 350 sit lower. Worst performers
remain the travel sector, with Compass Group, TUI AG, easyJet and Carnival among
the poorest performers. Healthcare sector is trading defensively alongside
utilities.
- VIX futures remain supported but are off yesterday's highs. The first generic
contract sits at 70, just below the 76.25 printed yesterday. 

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