As we mentioned earlier European stocks endured a tough session overnight but when we stand back it represents no more than ongoing consolidation which has been unfolding for over 6-months. Overall it’s no surprise to see equities across the region struggle with Ukraine tensions rising however with talk still going on between Putin and Biden they might be getting nervous just when a more optimistic tone would be appropriate – fingers crossed on this one for everyone’s well-being.
MM remains bullish European equities
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