More positive tones at the open today
- Eurostoxx +1.0%
- Germany DAX +1.0%
- France CAC 40 +0.9%
- UK FTSE +0.8%
- Spain IBEX +0.8%
It is risk-on as we get the session underway, with equities looking buoyed following the more positive vibes from US-China trade talks earlier today. I mean, did we expect anything else considering what is at stake for both sides?
Of note, the Stoxx 600 index is attempting another breach of its 200-day moving average:
In any case, the positive undertones is helping to see US futures up by ~0.6% and Treasury yields are also sitting higher on the day. 10-year yields are up 2 bps to 0.674%.