The EU may have a number of comments this morning, mainly reaffirming what has previously been said but did suggest using unorthodox instruments “without prior notice”. European equity futures are looking unchanged to small down right now ahead of the open, whilst US futures are looking 40bps lower despite better than expected earnings from Alcoa which traded up 2% after hours.

The EURUSD is trading just shy of 1.23 and seems in a tight trading range for the moment, Spanish and Italian 10 year debt are both trading slightly higher following the earlier mentioned comments out of the EU.

 

Posted by Philip Ball | Sales and Trading