Eurostoxx futures +0.4% in early European trading

News

Steady tones in early trades

  • German DAX futures +0.3%
  • UK FTSE futures +01%
  • Spanish IBEX futures +0.3%

This mirrors the mood in US futures, which are seen up by around 0.2% currently. After the gains yesterday, the market is settling down a little and finding some calm but it is still a bit early in the day to be saying that this will be plain sailing.

The bounce yesterday only sees US equities get back to key near-term levels now so there is still work to do technically to try and build further momentum.

Also, keep an eye on crypto in case the tail starts to wag the dog again as it did earlier in the week. Bitcoin now down 1.5% at the lows for the day at $39,450.

Invest in yourself. See our forex education hub.

Articles You May Like

The window of opportunity is closing for the BOJ to hike rates again
European shares close lower on the day
UK inflation comes in hotter than expected, slashing June rate cut bets
Nvidia and 2 other portfolio stocks report earnings next week. Here’s what we want to see from each
Bitcoin Technical Analysis – We are approaching a key resistance level