European equities open slightly higher to start the day

  • Yields track lower and that is helping with the mood ahead of the PMI data releases
  • Eurostoxx +0.2%
  • Germany DAX +0.2%
  • France CAC 40 +0.2%
  • UK FTSE -0.1%
  • Spain IBEX +0.2%
  • Italy FTSE MIB flat

10-year Treasury yields are now down 3.2 bps as the retracement away from the 5% mark continues and that is weighing on the dollar while helping to keep the recovery in equities going. S&P 500 futures are now at the highs for the day, up 0.4% or 18 points.

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