At least for the moment futures are up following 8 straight days of declines.
It all happened in the last couple of hours.
It’s concurrent with a shock rate cut by the Swiss National Bank, which is taking a jump-start approach to weakening the ridiculously strong Swiss France.
That’s also making the dollar pop a bit, though, against the yen it’s doing nothing.
Meanwhile, services PMI data came out in Europe today, and it’s pretty meh. Italy and Spain remain in contraction. France and Germany are still in growth, but are at 16 and 17-month lows respectively.
So ultimately, other than a central bank intervention, nothing too be excited about, except for the fact that nothing too bad is happening.