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Morning Update: #VIX is 9.72

Posted: 2017-05-09 12:00:00



European stocks and global bond yields rose on Tuesday, with investor sentiment bolstered by historically low U.S. stock market volatility, last weekend's French presidential election result and solid corporate earnings.

Europe's index of leading 300 shares rose 0.5 percent to a near-two year high of 1,555 points, Germany's DAX rose 0.7 percent to a record high, and Britain's FTSE 100 added 0.6 percent.

Asian stocks did not perform as well, with China's seventh consecutive decline - the longest losing streak for four years - weighing on the region more broadly.

U.S. futures pointed to a slightly higher opening on Wall Street.

On the Calendar

All Times EST

 

Order Flow

  • USDJPY Barriers reported at 114.00 but Dealers seeing strong tech demand since the 113.20 break.
  • Cable stops sub 1.2900
  • EURUSD continues to swoon after the Macron win. Large stops reported at 1.0870 in focus.

 

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