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Risk is tilted to the upside

BUNDS
  • There's decent buying interest in Equities on the Bund cash open, with US Emini spiking over 20 points and Estoxx 10 points.
  • The German contract drifts to session low, after the futures opened gap lower overnight, on the Equity bid.
  • Focus near term remains on Eastern Europe, and the hope for more potential dialogue.
  • Today sees Manufacturing PMIs from around the Globe, also out of Europe, Italian and German CPIs.
  • Out of the US, PM and ISM Manufacturing.
  • SYNDICATION: Germany EUR 0% Aug 2052 .
  • SPEAKERS: BoE Saunders, Mann, Fed Bostic and Mester.
  • But most investors awaits Fed Powell's testimony tomorrow.

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