By Nick Kalivas
Thu 19 Apr 2012 12:06:15 CT
The June S&P 500 contract has struggled to hold above potential resistance in the 1388/90 level. Q1 profit results have been strong to estimate, but the recent wave of economic data has disappointed. Soft macro data to estimate coupled with uncertainty over events in Europe has provided a cap and balanced healthy profit news. Deutsche Bank is set to issue equity, which is also shaking confidence in the strength of European banks. The graphic highlights the strong level of positive surprises.
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