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EU and US Equities are extending higher

CROSS ASSET
  • Emini and Estoxx futures are extending gains, ESM4 now trades at its best level for the week, while initial resistance for the Index will be seen at 5338.75, followed by the contract high of 5368.25.
  • VGM4 sees immediate resistance at 5012.00, although better will be seen at 5047.00, Monday's high.
  • Limited impact so far in Govies, and no spill over bid as of yet into Bund on the push higher in Risk, which usually saw both futures contract move in similar direction of late.
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  • Emini and Estoxx futures are extending gains, ESM4 now trades at its best level for the week, while initial resistance for the Index will be seen at 5338.75, followed by the contract high of 5368.25.
  • VGM4 sees immediate resistance at 5012.00, although better will be seen at 5047.00, Monday's high.
  • Limited impact so far in Govies, and no spill over bid as of yet into Bund on the push higher in Risk, which usually saw both futures contract move in similar direction of late.