Eurostoxx futures 0.3% in early European trading
The slightly more optimistic mood carries over to Europe in early trades
- German DAX futures 0.4%
- French CAC 40 futures 0.3%
- UK FTSE futures 0.3%
This mirrors sentiment seen in Asian equities and US futures, which are up by ~0.25% as we begin the session. I reckon there's still a hint of caution in markets as trade headlines have been far from convincing of any real progress but for the time being, the focus remains on the Fed set to cut rates at the end of the month.
USD/JPY holds lower on the back of a weaker dollar, trading at 108.37, despite Treasury yields holding more flat now. 10-year yields are only a tad lower around 2.131% today.