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Upside continuation in Equities

CROSS ASSET
  • Small upside continuation in Equities, albeit still well within Friday's range.
  • Estoxx Future (VGM2) Sees Friday's high at 3834.00, but focus remains squarely on European Govies, where all the action has been on Thursday and Friday, with Yields spiking to new multi year highs ahead of the ECB.
  • No impact in the USD, Pound and Cable jump a few pips
  • Resistance in Cable moves down to the 1.2552/1.2559 area.

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