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Bund opens on the front foot, up 38.....>

MARKET TALK
MARKET TALK: Bund opens on the front foot, up 38 ticks, on safer haven, with
Equities once again starting the European session on a "Risk Off" tone, and
looking at Estoxx (ESM0), a test towards 2746 area, an area not broken since
06/04 (over a month), dipper pullbacks are at risk. 
-OATs are on firm footing, at the expense of the BTP, and the German/BTP spread
starts the session 2.2bps wider.
**The Global Times times piece on possible countermeasures against the US, will
be in focus
-EMFX are starting on the back on the Risk tone

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