Technical Analysis
European equities slightly lower at the open today
- Eurostoxx -0.3%
- Germany DAX -0.2%
- France CAC 40 -0.3%
- UK FTSE -0.3%
- Spain IBEX -0.2%
This mirrors the mood in US futures, with S&P 500 futures seen down 7 points, or 0.18%, as we get things underway in European morning trade. There is a sense that markets are staying more tentative, with 10-year Treasury yields just off 3.50% (its 100-day moving average seen at 3.48%) while the dollar is mostly little changed with exception against the yen as outlined here.