Although we had a busy morning full of earnings updates and macro news, it does feel like investors have taken a pause for breath as they try to figure out what are the real implications of the recent move in Oil. Volumes are lower across the board with all EU indices trading below their AVATs. Focus is now the video conference with the EU council members tomorrow afternoon (with the risk of Italy falling out with the EU) and of course, any noise on the Oil output cuts front.
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