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US Futures Trim Gap With All Time Highs Ahead of Inauguration

EQUITIES

US futures are trading well early Wednesday, with the e-mini S&P higher by around 15 points to trim the gap with all time highs to just 20 points or so. Equities trade well ahead of the inauguration of President-Elect Biden, with reports already crossing on a series of executive orders the President will enact to reverse many of Trump's climate goal, border wall and Keystone XL pipeline activities in the previous presidential term.

Across Europe, continental indices are uniformly higher, with tech and consumer discretionary names outperforming. Lagging sectors are defensive, including consumer staples and utilities.

Earnings retain the focus in the US, with updates today from BNY Mellon, UnitedHealth, Morgan Stanley and Proctor & Gamble.

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