- Eurostoxx +0.1%
- Germany DAX flat
- France CAC 40 +0.1%
- UK FTSE -0.2%
- Spain IBEX -0.1%
- Italy FTSE MIB +0.4%
The good news for stocks is that the risk-off flows from Friday are seen abating slightly. US futures are up 0.1% but have fallen a little in the last 15-20 minutes as the overall mood is still rather tentative. The bad news for stocks is that bond yields continue to march higher, with 10-year Treasury yields now up around 6 bps at 4.982% on the day. That will keep broader market sentiment on edge, especially if we do see a break of 5%.
