European equities are in a buoyant mood
Autos are spearheading the charge here, following an overnight report that the US may suspend tariffs on cars imported from the EU - provided that the EU lifted duties on US cars that is.
And that is leading to positive tones elsewhere as we're seeing solid gains being posted on the day now. Bond yields are also edging higher as a result, and that is helping to push yen pairs higher on the day in the currency market.
US 10-year yields are now up 2 bps to 2.85%, and we're seeing USD/JPY near the highs at 110.69 now with GBP/JPY also at the highs of 146.59 and AUD/JPY at 81.75.
