European equities off to a positive start to the day

  • UK stocks lead after the extremely poor retail sales data earlier
  • Eurostoxx +0.5%
  • Germany DAX +0.4%
  • France CAC 40 +0.5%
  • UK FTSE +0.8%
  • Spain IBEX +0.3%
  • Italy FTSE MIB +0.4%

US futures are also in a better spot to start the session, with S&P 500 futures up 0.2% and Nasdaq futures up 0.4% while Dow futures are flattish though. 10-year Treasury yields dipping back to 4.14% from 4.17% earlier is also arguably helping with the mood at the moment and that has seen USD/JPY pare gains from 148.80 to 148.20 currently.

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