What’s that saying? A watched pot never boils? With investors eagerly awaiting the prospect of a long weekend (and pubs reopening!) today’s morning session felt like it dragged on for ever. Interestingly, while it may seem like things were slow from the comfort of the WFH desk, volumes are actually telling us a different story. Through the morning we saw a decent amount of futures positioning ahead of the US data. For reference, EU indices are currently trading up +33% vs yesterday’s volumes (albeit down -13% vs the last 20 days). As per yesterday the volume seems to be coming on upticks. Liquidity overall remains underwhelming though as thoughts turn to BBQ's.
The content on this site is available to all Redburn clients as part of Redburn Execution’s standard service. It is not considered substantive research and there are no commercial implications to viewing these pages.
Please enter your email address below to view this page. If you are still unable to access the page, please speak to your account manager.