European equities open higher to start the day

  • Broader market sentiment is faring better today, at least for now
  • Eurostoxx +0.7%
  • Germany DAX +0.7%
  • France CAC 40 +0.7%
  • UK FTSE +0.3%
  • Spain IBEX +0.7%

S&P 500 futures are also up 32 points, or 0.9%, at the moment so overall equities sentiment is looking more positive for now at least. This comes as we see a bit of calm as the dollar corrects lower and bonds are also halting the rout in the past few days. UK 10-year gilt yields are down 13 bps to 4.12% at the moment.

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