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Unwind some of the early European price action

CROSS ASSET
  • Cross assets unwind some of the early European price action as the US starts to come in.
  • Equities recover from their lows and are moving towards the upper end of their range.
  • Govies (EGBs, Treasuries) remain underpinned, bid, with likely short term squaring, on low volume.
  • Gilt is the standout, still in the red and hovering at session low.
  • USD is paring some gains, as EURUSD and Cable recover from the big early sell off.

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