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EUROPE SET FOR AN UPBEAT MARCH DEBUT (0618 GMT)
European stocks are set for an upbeat start to March with a
rally coming out of Asia.
Japan's Nikkei rallied 2.3% overnight and at the moment,
futures for European blue chips and the S&P 500 are up 0.9% and
0.8% respectively.
Last week's heavy fixed income market price action is taking
a breather with yields on U.S. 10-year notes back to 1.40% from
last week's peak of 1.61%.
There's good news on the pandemic front with the U.S.
expecting deliveries of the newly approved Johnson & Johnson
COVID-19 vaccine from Tuesday.
President Joe Biden's $1.9 trillion coronavirus relief
package being approved by the House and going to the Senate is
also fuelling some confidence with oil pricing rising over 1%.
(Julien Ponthus)
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