Headlines:

Markets:

  • USD leads, EUR lags on the day
  • European equities mixed; S&P 500 futures up 0.1%
  • US 10-year yields up 2.1 bps to 3.543%
  • Gold up 0.2% to $2,007.91
  • WTI crude down 0.5% to $82.12
  • Bitcoin down 2.2% to $29,802

There aren't any major headlines to start the new week, with there being a lack of any key economic releases in Europe today as well.

As such, markets are left to their own devices with the dollar holding steadier for the most part after the Friday rebound. There was a slight bid at the start of the session but overall, the greenback is sitting lightly changed at the moment.

EUR/USD is keeping below the 1.1000 mark around 1.0970-80 levels while GBP/USD fell back below 1.2400 to 1.2375 before holding around 1.2410 at the moment.

USD/JPY gradually nudged higher back towards 134.00 as bond yields held higher, with Fed funds futures seeing a less dovish path to the rates curve as compared to before the events on Friday.

Elsewhere, European equities opened with some cautious optimism but are now sitting more mixed with some marginal losses on the board. That's not indicative of any firm narrative as we get the week underway.

With the data set this week not being as crucial as last week, Fed speakers may be what markets will look to for clues on how to proceed next - all before the FOMC blackout period that will begin on 22 April.