Euro a touch weaker

The euro has lost some ground against both the dollar and sterling and is trading just under $1.20 and just over 86p respectively this morning, while the pound is hovering close to $1.39 against the US currency

European stocks closed almost 2% lower yesterday while the S&P 500 in the US shed almost 1% on the day.  Both German and US 10-year yields nudged down a touch to -0.22% and 1.60% respectively

Fed member Kashkari say the central bank will raise rates if it has to but warns against cutting off the economic recovery “prematurely”

Mortgage approvals for house purchase in the UK fell for a fourth consecutive month in March although the recent extension of the stamp duty holiday to the end of June may see them stabilise/move up again

Data due today include services PMIs in the Euro Area and the US while the ISM services index and the ADP employment report are published in the US also