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Weekend Worry Weighs

EQUITIES

U.S. equity future benchmarks leak lower, before edging away from worst levels.

  • That leaves the 3 major contracts running 0.4-0.8% lower on the day, with the NASDAQ 100 leading losses.
  • Once again, we haven’t seen much in the way of an overt headline trigger to facilitate the move, so point to the negative lead from across the globe and hedging surrounding weekend worry re: the Israel-Hamas conflict.
  • Meaningful technical support in the S&P 500 e-mini isn’t seen until the Oct 4 low and bear trigger (4,235.50), which is a little over 30 points below session lows.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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