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US Futures Just Below Yesterday's Alltime High

EQUITIES

Equities are generally higher in Europe, with the DAX slightly outperforming (+0.7%) while the FTSE-100 lags (-0.8%) as UK equities catch-up following a bank holiday yesterday.

US equity futures are making decent progress, with the e-mini S&P comfortably above yesterday's lows and narrowing the gap with the cycle high printed in Asia-Pac hours Monday at 3524.50.

Tech shares in Europe are leading gains, with healthcare and materials not far behind. This following the NASDAQ being the sole US index to close in the green yesterday, after firms including Tesla and Apple drove gains after markets welcomed their stock split. This has helped keep semiconductor and tech names close to the top of the pile in Europe this morning, while UK based travel names including easyJet, IAG and Carnival are the sharpest decliners Tuesday.

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