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S&P 500 futures jump 5% and hit the limit-up band of 2,333.50

Despite the slump in the UK and Euro area services sector activity as well as the contraction in the factories, which points towards a recession, the risk-on trading action in the European trading remains unperturbed.

Markets continue to cheer the stimulus measures deployed by the German government and the US Federal Reserve (Fed) to tackle the economic fallout from the coronavirus pandemic.

More to come …

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