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EUROPE SUMMARY: More Sterling Steepeners

EQUITIES

Stocks Solid as S&P 500 Hits New Intraday High

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Midday Trade

EQUITIES
EQUITIES: Wall Street opens largely lower, with the DJIA now entering correction
territory. Today's weakness so far pales in comparison to yesterday and
Friday's, with the major indices down 0.2-0.3%, but recovering quickly. European
equity markets continue to underperform as they play catch-up on yesterday's
decline in US trading hours. All eyes on volatility product performance today
with little macro data to distract.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com