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%.
Stocks make up for Friday’s losses:
- 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.
Dollar Status:
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.
