The Fuse
Equity futures are rallying nicely this morning as a strong bid holds from the overnight session. Today the VIX futures for February expire and now we will be on the March series until next month. Stocks have been on a rollercoaster ride within a wide range, volatility remains elevated.
Futures overnight were helped by a persistent rally in Europe, the STOXX higher by .4% led by gains in France and Germany. The FTSE picked up .3%, the US dollar index rose .1%, while gold rallied about 1% and silver up 3%. Crude oil showing some strength today, higher by nearly 3% on good volume. Yields in Germany and the US 10 yr up 1bp, while in Japan the Nikkei gained 1%.
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