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The Breakfast Briefing: Stocks Staging A Comeback Despite Lingering Concerns Over Earnings
FYI: Global stocks showed signs of stabilizing Monday after another volatile week, supported by relief over Italy’s ratings and better-than-expected results from HSBC .
The Stoxx Europe 600 was up 1% midmorning after closing Friday at its lowest level since December 2016, with markets showing little reaction to reports that Angela Merkelwill not seek reelection as party chairwoman.
Futures pointed to a 0.5% opening rise for the S&P 500 and a 0.9% rebound for the Nasdaq after a bruising session on Friday.
