here's what we're watching as trading
gets going in London major sovereign
bond yields are climbing European
equities are rebounding led by Italy
while the euro is becomes with Wall
Street at a record high and equity
volatility touching a 23 year low
short-term concerns and notably absent
across markets a rebound commodities is
also helping with miners leading the
footsie 100 in early trading while
nudging higher with Brent looking to
push back towards the $50 a barrel mark
as traders anticipate OPEC and Russia
will extend production cuts a
well-received corporate earnings season
and easing our political tensions after
Emmanuel macron victory in the French
presidential election are driving market
sentiment still the current mood is
notably lacking in enthusiasm reflecting
the already strong performance of assets
like equities this year plenty of good
news has been discounted and it's really
not surprising that equities face a
tougher time gathering additional
momentum the big hope for markets
remains a prospect of fiscal stimulus
for the US while the eurozone awaits
reforms in France market however may be
waiting for much of the summer and
beyond