Cash markets are opening strong in New York as the futures predicted. The S&P index is up 1.2% at 1035 while US bond yields drift firmer, now at 2.98% in the 10-year maturity.
So far, the currency markets have only shrugged, with EUR/USD holding below the 1.2600 level.
Service sector ISM data is up in less than 30 minutes. 55.0 is the consensus forecast. A weaker figure should see some risk aversion creep back into the markets.
