Eurostoxx futures +1.6% in early European trading

• German DAX futures +2.3%
• French CAC 40 futures +1.0%
• UK FTSE futures +0.8%

This keeps with the mood from US futures, with S&P 500 futures seen up 1.6% as well. There is some hints of optimism after Trump’s comments yesterday, but have things really changed? I for one am not convinced, not least with Trump’s policy incoherence. For now, the broader market mood is also calmer but we’ll see how long that can last. Be wary of commentary from China later in the day, usually hits in about an hour or so at the earliest.

This article was written by Justin Low at www.forexlive.com.