Come on Europe. Give us something to do as it is dull as dishwater at the moment.

A quick rundown of how things look right now.

FX

Despite Draghiā€™s comments EUR/USD is still consolidating the gains to 1.3640 from the overnight lows at 1.3615.

  • GBP/USD also sitting 20 odd pips up from the lows at 1.6840
  • USD/JPY has given up 17 pips from the overnight highs at 102.05 to trade around 101.88
  • AUD/USD is at 0.9237 after failing for the second time at 0.9250 since the fall from 0.9273 on Friday
  • USD/CAD sits 3 pips up from support at 1.0860

Stocks

The Dax is just 10 ticks short of the highs at 9876, +1.0% while the Cac is up 20 points to 4513, +0.5%. Spainā€™s Ibex is also up 1.0% to 10664 and the Italian Mibis up 600 points or 2.90% to 21346. Thatā€™s 100 ticks short of the days highs.

US stock futures are trading up alongside Europe. The S&P is holding north of 1900 by 3 ticks or 0.3% while the Dow is up 59 at 16645 +0.4%

Bonds

Some relief from the elections is borne out in bond yields today as it has been in stocks

Italy 3.02% -13bp
Spain 2.91% -8bp
Portugal 3.68% -8bp
Germany 1.40% -1bp