Soft start to trading week for stocks, earnings season ahead
Stocks in Europe were weaker in early trade Monday, following a fresh record high being set on Wall Street on Friday as equity markets rebounded from a Thursday sell-off. The Dow Jones, S&P 500 and Nasdaq composite all rose by around 1% to set new all-time closing highs. European bourses by contrast are tripping well-worn ranges. Bond markets are steady with US 10s around 1.35%, oil a tad lower this morning, but WTI remains above $74. Gold holds above the $1,800 level for now. The dollar is steady this morning after a couple of big down moves in the previous two sessions.