The better risk appetite is also translating to a softer dollar on the day as noted here. A snapshot of the equities space at the moment:
- Eurostoxx +1.3%
- DAX +1.3%
- CAC 40 +1.1%
- UK FTSE +0.7%
- S&P 500 futures +0.8%
- Nasdaq futures +0.9%
- Dow futures +0.6%
After two days of declines post-Jackson Hole, we are seeing a bit of respite. That said, the technicals suggest that there might not be much in it unless the S&P 500 can climb back above its 100-day moving average (red line):
