FAST FIVE: S&P Futures Jump, Global Markets Rise In Holiday-Muted Session
The pan-European STOXX 600 index climbed 0.8%, with European markets green across the board, after a survey showed German business morale rebounded in May, boosting optimism around economic re-openings, although caution prompted the dollar to snap a rare losing streak.
Elsewhere, bond markets were stable with Italy's 10-year yield at 1.60%, just off six-week lows hit on Friday, and safe-haven German 10-year yields down 1 basis point at -0.50%.
is looking for more resilient assets as the nation's $941 billion sovereign wealth fund seeks to boost long-term returns Germany's 9 billion-euro ($9.8 billion) bailout of Deutsche Lufthansa AG is being slowed by discussions meant to ensure the rescue plan receives swift European Union approval once it's finalized, people familiar with the matter said.
GBP, CAD – The marginally better performers ex-USD, but action remains minimal in thin conditions.
The Kiwi meanwhile fares modestly worse as the AUD/NZD cross found a current base at 1.0700.