Italian equities move higher as bank stocks gain on BTPs surge
- Eurostoxx +0.1%
- Germany DAX +0.1%
- France CAC 40 +0.3%
- UK FTSE +0.1%
- Spain IBEX +0.3%
- Italy FTSE MIB +1.3%
As Italian bonds cheer reports of a budget resolution, the sentiment is helping to lift domestic bank stocks and is contributing to strong gains in Italy's main index to start the day. Other regional equities are posting mild gains as investors remain very much on the sidelines awaiting the Fed decision later today.
As an aside, US equity futures continue to hold steady with E-minis trading up by 0.5% currently. So far, the lack of movement in the equities space isn't really contributing to much changes in risk-related currencies. USD/JPY still sits at 112.38 currently with AUD/USD and NZD/USD holding at 0.7195 and 0.6866 respectively. All are relatively unchanged since the start of the session.
