Some caution amid mixed tones in markets
- Eurostoxx +0.1%
- Germany DAX -0.1%
- France CAC 40 flat
- UK FTSE +0.1%
- Spain IBEX +0.3%
US futures are still holding higher by about 0.2% but bonds are sending a very different message with Treasury yields weaker across the curve. 10-year yields are down by 2.6 bps to 1.63% currently and that is leaving investors a bit nervous I reckon.
Apple earnings after the close yesterday gave rise to hopeful optimism ahead of key tech earnings later but there are still elements of uncertainty related to the coronavirus outbreak situation. That is a balance that investors will have to work through in trading today.
Oh, not to forget that there's also the Fed meeting - though it is expected to be a relative non-event. But hey, one must always watch out for potential surprises.
