Technical Analysis

Eurostoxx futures +0.8% in early European trading

  • German DAX futures +0.6%
  • UK FTSE futures +0.8%
  • Spanish IBEX futures +0.6%

This mirrors the optimism in US futures, which ticked higher after the earlier headline here. S&P 500 futures are up 17 points, or 0.5%, at the moment but I’d argue that the positive undertone is still rather fragile post-Fed. We still have the US non-farm payrolls data to work through later and even though markets are hopeful, sometimes it is the hope that kills you.

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