Gap update (this time US futures): ES up, USTs drop (futures)

'Risk' has viewed the outcome of the Trump - Xi as a positive, as evidenced by the early currency moves

• AUD/JPY a move higher in early trade, as an example (and not the only one)

'Overnight' (Globex) trade on the S&P500has opened the week up more 1.5% (for futures)

• UST futures down 4/32nds
• NASDAQ futures up just under 2%
• Down up more than 1.5%

The big (relative) loser remains cable, this from earlier but not much change:

• GBP the first 'gap' to fill - sad weekend Brexit headlines again