Technical Analysis
European equities lower at the open
<ul><li>Eurostoxx -0.6%</li><li>Germany DAX -1.0%</li><li>France CAC 40 -1.1%</li><li>UK FTSE -0.5%</li><li>Spain IBEX -0.7%</li></ul><p style="" class="text-align-justify">This comes on the back of a poor showing in Wall Street yesterday, so there is some element of catch up. US futures are also struggling with S&P 500 futures down 10 points, or 0.3%, while Nasdaq futures are down 0.5% at the moment. <a href="https://www.forexlive.com/news/the-bond-market-stays-in-charge-ahead-of-the-central-bank-bonanza-20221021/" target="_blank">Higher bond yields</a> continue to weigh on sentiment and that is keeping the dollar slightly higher on the day as well.</p>
This article was written by Justin Low at forexlive.com.