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Good morning. Index changes, booster shots and bullish signals for oil demand. Here’s what’s moving markets.
Index changes were announced last night both for the Stoxx and FTSE series. Eurozone blue-chip benchmark Euro Stoxx 50 will take on Spanish bank BBVA and recently-merged car maker Stellantis, ousting travel tech firm Amadeus IT and utility Engie. BBVA is rejoining just a year after its own ouster, following a sharp rally during the past year. Meanwhile in the U.K., Just Eat Takeaway.com is dropping out of the FTSE 100 as expected, alongside mining engineering firm Weir. Aerospace company Meggitt and Wm Morrison Supermarkets will take their places.