Overnight, we had a classic test of the 200 day MA on the SP500 (see chart) which saw a very impressive rally into the close. Volume was not huge (1694885).
However, the two bugbears: US bond yields still rose 2 bps to 4.81%
and crude oil rose 71 cents to $40.77
This left the D4F FTSE100 quote last night at 4450
indicating a 37 point gain at the opening.
Tokyo, overnight, has fallen 2.95% on oil price fears
D4F now quoting a 25 point gain at opening.