US stock market open 29 June 2015

  • S&P -13pts to 2087
  • Dow -86pts to 17860
  • Nasdaq -61pts to 5019

US 10 year yields 2.38% -9bp

This could be a important moment for the rest of today's trading. The losses are accelerating after the opening numbers but we could have a situation where the US market is playing catch up to Europe and we see that reverse. Everyone has had a chance to chew over the news so there should be no shocks for US traders. If US stocks turn around then Europe will follow