The S&P is up 1.2% at the open, following European bourses higher. EUR/USD bounced from a dip into the 1.3730s and is now at 1.3753.
Most of the “risk assets” are solidly higher on the day with Gold up to $1075 after falling as low as $1044 last Friday. Oil is up $0.82 at 72.70 after a brief probe below $70 last week.
Risk may not be “on” but risk aversion is easing…
