Eurostoxx futures +0.3% in early European trading

Author: Justin Low | Category: News

A slightly more positive mood after the doom and gloom yesterday

  • German DAX futures +0.3%
  • French CAC 40 futures +0.2%
  • UK FTSE futures +0.1%
This mainly reflects sentiment seen in US equity futures, with E-minis holding higher by ~0.5% on the day. Equities are displaying more calm so far but Treasuries are still holding firmer, with 30-year yields still under 2% (lower by 3.5 bps at 1.982%).

The push and pull between the equities and bond market will be the key factor to watch out for today. Major currencies are still largely sitting on the fence as a result of the indecision.

Looking ahead, keep an eye on that as well as the release of US data later on: Retail sales, Philly Fed manufacturing, Empire state manufacturing, industrial production.

With recession fears heightened, expect markets to scrutinise any significant miss/fallout in economic data releases from hereon.

By continuing to browse our site you agree to our use of cookies, revised Privacy Notice and Terms of Service. More information about cookiesClose