S&P 500 futures are now up by more than 21 points
That's roughly 0.7% gains as we begin the European session. Fear is starting to abate and the bond market is also acknowledging that a little with Treasury yields higher across the curve. Of note, 30-year yields are up by 3 bps and back above the 2% level now.
That said, major currencies are still showing little conviction to reflect the moves here - especially the yen - and I reckon that's indicative that risk sentiment remains rather fragile. Be wary of trade headlines that could potentially temper with the mood so far today.
