As the market shifts to a more risk-on outlook, the day is off to a good start. As European trading begins, futures in the United States are also up 0.5%.
- UK FTSE 100 up 1%
- Euro STOXX 50 up 0.9%
- Euro STOXX 600 up 0.7%
- German DAX up 0.6%
- France CAC up 0.8%
- Spain IBEX up 0.9%
- Italy MIB up 0.7%
Meanwhile, 10-year Treasury yields are holding steady at 1.237 percent, indicating that the market is calming down. After a flat start, the dollar is presently somewhat weaker, but the general ranges among major currencies remain limited for the time being.
The dollar is mildly softer across the board as we see some extension to the tight ranges for the day with:
- EUR/USD moving up to 1.1885 and GBP/USD up to 1.3930.
- AUD/USD is up 0.1% to 0.7355 from 0.7345 earlier
- USD/CAD is down 0.1% to 1.2458 from 1.2470 at the tail-end of Asia Pacific trading.
- EUR/USD moving up to 1.1885
- GBP/USD up to 1.3930.