Things are mostly quiet this morning, as the world waits for the Non-Farm Payrolls report in the US, which is due out at 8:30 AM ET.US futures are a shade higher.
Europe is rebounding from its ugly day yesterday, although only modestly. The major country indices are up less than 1%.
The Italian 10-year bond is now yielding over 7.1% again! This is a major problem, though markets — especially US ones — have not been particularly phased by the steady march higher in Italian yields, or the hammering we’ve seen in Italian banks.