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Are better bid during the European morning session

EQUITIES

Equity futures get some upside traction, led by the Estoxx (VGU0), with the contract back above the 3300.00 handle.

  • No clear obvious driver behind that latest leg, with lower volumes helping to exacerbate the move.
  • These could stay underpinned going into the ECB this week, on the hope of more stimulus.
  • Although, some don't expect to hear anything new, we might still get hints from them doing something into year end.
  • Very little spillovers into Govies, but small selling noted in USD on the margin

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