The light changes as we look to European morning trade

In FX, tight ranges prevail, with the dollar remaining more mixed so far. EUR/USD holds at 1.0580 but remains within a 15 pip range to start the day. Perhaps the only notable move to start the week is USD/JPY, which rallied above 135.00 yesterday but is down 0.1% at 135.30 so far.

Stocks were a little harder to trade yesterday in the US and futures are also a little weaker today. S&P 500 futures are down 0.2%, with European futures also slightly lower to somewhat catch up with Wall Street’s declines yesterday.

Elsewhere, Treasury yields are a bit lower with 10-year yields down 2 basis points at 3.175%, but the action to start the week isn’t too big. It looks like we’ll be in store for some slight pushes and pulls in Europe as markets gear up for month-end trading action with little on the agenda to really shake things up this week.

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