Asian markets are mixed but have rallied off lows made earlier in the session, the effects of yesterday’s easing by China, the BOE and the ECB have been somewhat limited thus far. European equity futures are indicating a slightly lower open. All eyes will be on the non farm payroll data out of the US at 1.30pm BST, worth noting that Goldman yesterday raised their forecast from 75k to 125k following an encouraging ADP employment report.
Elsewhere, in the bond markets the German 2 year notes continue to rally with the yield falling less than zero. Spanish and Italian yields are looking higher in early trade.
Posted by Philip Ball | Sales and Trading