European stocks are posting decent gains, led by retail stocks
- Eurostoxx +0.5%
- Germany DAX +0.5%
- France CAC 40 +0.6%
- UK FTSE +0.5%
Equities are gaining some poise now despite the silence still observed from US-China trade talks as we begin the week. The push higher in European stocks also coincides with a jump higher in US equity futures in the past half-hour as well. E-minis are up by 0.5% currently:
Currencies and bonds aren’t really responding much to this yet. USD/JPY still sits at 108.95 now, mostly aided by dollar strength on the day. Meanwhile, risk currencies are still offered on the session with the kiwi even making session lows currently.
As for Treasuries, they’re still rather flat with 10-year yields unchanged on the day at 2.696% currently.