Equities

European equities mildly higher at the open today

  • Eurostoxx +0.2%
  • Germany DAX +0.1%
  • France CAC 40 +0.2%
  • UK FTSE +0.4%
  • Spain IBEX -0.2%

That said, the overall risk mood is largely more tentative for the time being. S&P 500 futures and Dow futures are down 0.1%, while Nasdaq futures are flat at the moment.

Looking elsewhere, bond yields are dragged lower on the session with 10-year Treasury yields down to 1.49% from around 1.51% earlier. Fitch downgrading Evergrande and Kaisa may be tempering with the mood a little, though it is hardly impacting domestic markets in the closing stages earlier.

The dollar is trading more mixed with the yen slightly higher amid the retreat in yields. USD/JPY is at session lows of 113.40, testing its key hourly moving averages @ 113.34-43.


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