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US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success - US Market Open 2021-01-25 14:00:00 Justin McQueen, Analyst Equity Market Bounce Faded, Tech Outperforms QUICK TAKE: US Dollar Steady, Euro Slips, GBP Benefits From Vaccine Success Equities: The morning bounce which had stemmed from Asia has slowly faded as we approach the Wall Street open. Soft German IFO figures did little to support EU bourses, while reports that French President Macron may announce a 3rd national lockdown on Wednesday has weighed on the CAC 40. Elsewhere, UK PM Johnson will approve a new border crackdown from tomorrow, which could ban entry into the UK from COVID hotspots (South Africa and Brazil), in turn, airliners are among the underperformers to begin the week. The tech sector is outperforming as market participants brace for a slew of large tech earnings, in particular, Apple, Microsoft and Facebook.

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