FTSE MIB leads gains as we begin the day
Not too much of a surprise there as bank stocks are experiencing a much better time following S&P's decision to leave Italy's credit rating unchanged on Friday after markets closed. The news helped Italian bonds rally at the start of today and that's helping to lift sentiment in equities in the region as well.
The sentiment here will pin down the swissie a little but won't do much to impact the yen unless it starts to spillover to US equity futures. USD/JPY continues to sit just under 112.00 currently at 111.96. EUR/CHF has moved a little higher now to 1.1386 on the day.
