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US Futures Keep All Time Highs Under Pressure

EQUITIES
  • European equity markets are uniformly higher ahead of NY hours, with gains of 0.2% or more across the core continental indices. UK's FTSE-100 modestly outperforms, while Italy's FTSE-MIB lags slightly, although remains higher on the day.
  • European cash markets are rising in tandem with equity futures in the US, which hold just below the all time highs printed earlier in the week. US retail sales, industrial production and weekly jobless claims data is next up.
  • Earnings remain favourable for the financials sector, with Bank of America this morning reporting EPS ahead of expectations, fuelled by a better-than-forecast showing from trading revenue.
  • Citigroup and Blackrock are still due to report. Full timings with EPS and revenue expectations here: https://roar-assets-auto.rbl.ms/documents/9444/MNIUSEARNINGS090421.pdf

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