European equities trade to session highs
And E-minis are up at the highs of the day as well, up by 1.0% currently on the day. Meanwhile, Italian and Spanish stocks are leading the European recovery with the FTSE MIB up by 1.4% and the IBEX is up by 1.3% currently. The VIX has also fallen by 2 points to 23.16 at the moment and suddenly the market looks to be turning the corner after what has been a brutal day yesterday.
In the currencies space, yen pairs are also trading near the highs for the day once again now:
However, while all the signs are still positive for the time being, there's still the case of North American trading to navigate through. Heading into yesterday's session, risk sentiment recovered as well but that faded later on and US stocks endured a bloodbath instead.
Looking ahead, it's going to be a big day for earnings as well with Alphabet (Google), Twitter and Amazon all set to report earnings later today and that will no doubt contribute or subtract to the sentiment seen so far today.
