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Reverses Recent Downleg


5Y Upside Skew Buy

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Equity markets are in the green on Tuesday, Asia-Pac markets shaking off Monday's malaise after a positive lead from the US. Markets in Japan lead the way higher with gains of around 3%, Japan officially capped the number of spectators at the Olympic events at 10,000 or 50% of venue capacity (whichever is smaller). In Australia the ASX 200 is up around 1.6% while bourses in mainland China have seen gains of around 0.5%. In the US futures are higher with e-mini Dow Jones leading the way. Late on Monday Fed's Williams spoke and was optimistic on the economy, he warned it was still too early to cut back on QE bond purchases did confirm the FOMC is approaching a discussion about tapering asset purchases.