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STOXX up 0.5%
S&P 500 futures steady after record close
UBS gains on capital rule proposals
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STRONG START
It's been a strong first hour of trading for European stocks, with the broad STOXX 600 up 0.6% closing in on last month's record peak.
Gains are broad based, travel and leisure .SXTP financials .SXFP and defence .SXPARO are all over 1% higher, with broker upgrades boosting Lufthansa LHAG.DE and Intercontinental Hotels IHG.L
UBS UBSG.S is up around 4% after local media reported a group of Swiss lawmakers proposed a compromise between tougher capital rules for the lender and ensuring the bank remains internationally competitive.
Germany is also outperforming with the Dax.GDAXI up 0.7% led by Adidas ADSGn.DE up after strong overnight results from LululemonLULU.O , and midcaps .MDAXI over 1% higher helped by Lufthansa and Puma PUMG.DE
(Alun John)
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EARLIER LIVE MARKETS POSTS
EUROPE BEFORE THE BELL: BACK NEAR RECORD HIGHS CLICK HERE
MORNING BID COPPER EDGES PAST SILVER TO TAKE GOLD CLICK HERE
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