A light bounce after yesterday’s heavy decline
- Eurostoxx +0.4%
- Germany DAX +0.7%
- France CAC 40 +0.6%
- UK FTSE +0.6%
- Spain IBEX +0.3%
Equities are breathing a little easier to get the session underway but it doesn’t take away from the sharp declines experienced yesterday. US futures are also modestly higher, with S&P 500 futures now up 0.5% on the day.
US 10-year yields are also keeping a decent bounce to 1.215% but that still pales largely in comparison to the near 11 bps drop from yesterday to a low of 1.174%.
In FX, the mood is still tentative with commodity currencies lower while the dollar is slightly firmer across the board with EUR/USD down to 1.1780.