European equity markets looking good as we get things going
- Eurostoxx +0.5%
- Germany’s DAX +0.9%
- UK’s FTSE +0.6%
- France’s CAC 40 +0.5%
- Italy’s FTSE MIB +0.7%
- Spain’s IBEX +0.6%
A bright start to proceedings, but it’s early days and a lot can still happen. Once again, watch out for the key risk event later in the day – the US CPI report. That will be the make or break.
For the time being, equity investors are more than happy to move along as we adjust to the new trading paradigm in the wake of higher bond yields.