Technical Analysis

European equities a little higher at the open today


  • Eurostoxx +0.2%
  • Germany DAX +0.2%
  • France CAC 40 flat
  • UK FTSE +0.2%
  • Spain IBEX -0.1%

The optimism is more measured now as the session gets underway, with S&P 500 futures up just 4 points, or 0.1%, currently. The dollar is still lagging slightly but higher bond yields is helping it to recover some ground, particularly against the yen. USD/JPY has moved off earlier lows of 131.65 to push up to 132.15 at the moment, just down after testing its 200-hour moving average at 132.35.

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