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Wall Street Outstrips Mixed European Stocks

EQUITIES
  • European markets closed more mixed, with the EuroStoxx50, CAC-40 and IBEX-35 finishing with gains of 0.3-0.8%. UK and German indices closed with minor losses. Markets looked through signalling at the ECB press conference that the bank would hold off on rate hikes for the foreseeable future, with short-end rates driving higher and tempering risk appetite.
  • This failed to hold back Wall Street equities, however, which traded positively throughout the day as a solid earnings cycle continued to contribute to headline prices. The NASDAQ outperformed, trading higher by over 1% ahead of the close, with consumer discretionary, materials and real estate at the top of the pile. Energy names were the sole decliners, with a pullback in oil prices working against the sector.
  • The e-mini S&P cleared the Wednesday high with little effort, but failed to plumb a fresh high at 4590, which remain intact from earlier in the week.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
Homepagemarkets-real-timeEquitiesBank of America Market NewsBulletMarketsFixed Income BulletsForeign Exchange BulletsAT&T Market News

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