Stocks love it as they open up in the green with the S&P rising 7 points in early trading to 1817. The Dow is up 66 to 16245 and the Nas is +19 to 4077.
We need to keep an eye on US 10’s as we popped to 2.96% on the GDP release, just shy of the magic 3.0%. We’ve fallen back to 2.91% now and that’s weighing on the dollar. The anti-euro trade USD/CHF is giving up its gains and the aussie is finding a decent bid. Whether that’s on the dollar falling generally or whether it’s up on the good US news remains to be seen.
