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%
ForexLive
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.

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