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  • Here's what we're watching as trading gets going in London.

  • Major sovereign bond yields are climbing.

  • European equities are rebounding, led by Italy, while the Euro is becalmed.

  • With Wall Street at a record high and equity volatility touching a 23 year low, short term concerns are notably absent across markets.

  • A rebound of commodities is also helping with minors leading the FTSE 100 in early trading.

  • Oil nudging higher with Brent looking to push back towards the $50/a barrel mark as traders anticipate OPEC and Russia will extend production cuts.

  • A well received corporate earning season

  • and easing off political tensions after Emmanuel Macron's victory in the French presidential election are driving market sentiment.

  • Still, the current mood is notably lacking in enthusiasm,

  • reflecting the already strong performance of assets-like equities this year.

  • Plenty of good use has been discounted, and it's really not surprising that equities face a tougher time gathering additional momentum.

  • The big hope for markets remains a prospect of fiscal stimulus for the US, while the Eurozone awaits for forms in France.

  • Markets however, may be waiting for much of the summer and beyond.

Here's what we're watching as trading gets going in London.

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B1 UK FinancialTimes trading bond eurozone market discounted

Wall St high, bond yields rise | Market Minute

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    Colleen Jao posted on 2017/05/10
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