Home Forex European equities open slightly higher but the optimism has been tempered

European equities open slightly higher but the optimism has been tempered

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European equities open slightly higher but the optimism has been tempered

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  • Eurostoxx +0.3%
  • Germany DAX +0.4%
  • France CAC 40 +0.4%
  • UK FTSE +0.3%
  • Spain IBEX +0.3%

We are seeing slight gains but there is some caution to be heeded as US futures pull back in the past hour or so. S&P 500 futures were up by over 40 points at the highs earlier but are now instead up just 5 points, or 0.1%, on the day:

This is helping to see the dollar push slightly higher across the board as well and it comes alongside a round of selling in bonds. 10-year Treasury yields are up over 7 bps to 4.073% at the moment.

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