Equites up
Suspension of EU car tariffs and positive talk of a Phase 1 trade deal to be signed by US and China is keeping risk well supported.
- Dax: +0.90%
- UK FTSE: +0.49%
- Euro Stoxx: +0.74%
- France 40 (CAC): +0.74%
- IBEX:+0.65%
- Italian FTSE:+1.17%
The eurozone PMI's have been largely shrugged off. They were a mixed bag with Spain and Italy missing expectations and France, Germany and the eurozone as a whole beating expectations. Bottom line is slight pick up, but outlook is not great. However, positive trade news is the balm to that wound. EURUSD however is fairly non-plussed heading into Lagarde's speech later. That could be much more volatile an event as the market looks for the first cue from the incoming ECB President.
