Brent crude futures are little changed near $77 a barrel having erased kneejerk opening gains seen after the US launched a series of weekend strikes on key Iranian nuclear sites.
US equity futures have also recovered from their opening fall with S&P 500 contracts now up 0.2%. The Stoxx 600 falls 0.2% but again is off its worst levels. Construction, technology and energy stocks outperform in Europe. Chemicals and industrials lag.
The Bloomberg Dollar Spot Index extends its climb to 0.5%. The Japanese yen and kiwi dollar are the weakest of the G-10 currencies, falling 1.2% each. The Swiss franc has been the most resilient against the greenback with only a 0.1% decline. Spot gold is little changed near $3,368/oz.
Treasuries are edging lower, with US 10-year yields rising 1 bps to 4.39%. Bunds are a touch lower, but underperforming their UK counterparts. Both showed little reaction to regional PMI data — euro-area composite PMI came in slightly below the median estimate while the UK reading was slightly ahead of the consensus.
Source: Bloomberg
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