JP Morgan have just released quarterly earnings with an EPS of $1.21 (versus 76 cents estimate) on revenues of $22.89bn (versus estimate of $21.57bn). The company have announced the closure of their CIO Synthetic Group.
European equities are trading around 80bps better, but no big moves since the JP Morgan release so far.
Elsewhere peripheral European bonds rallied off session lows after a successful Italian bond auction, selling 3.5bn Euros of 3 year debt at a yield of 4.65%.
Philip Ball | Sales and Trading