Eurostoxx futures +0.6% in early European trading

  • German DAX futures +0.5%
  • UK FTSE futures +0.3%

The gains here are in part a catch up to the late recovery in US stocks on Friday, after having been beaten down after the hot NFP data. The narrative for equities now is that bad news is good news; vice versa. The underlying market mood today is more tepid though, with US futures keeping rather flat as we look to get into European trading.

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