• German DAX futures +2.2%
  • UK FTSE futures +1.1%

Europe will have plenty of catching up to do after missing out on the post-FOMC rally yesterday, which saw US stock rip higher in the aftermath of the main event. The overall risk mood today is more tentative though with S&P 500 futures keeping at flat levels for now. The cash market advance yesterday stalled just near last week's high:

SPX D1 05-05