Headlines suggesting a Biden-Putin summit may go ahead has hel | kamal

Headlines suggesting a Biden-Putin summit may go ahead has helped to stabilise risk appetite this morning and put pressure on havens, though doubts are already emerging after the Kremlin said there are "no concrete plans" yet. In the Eurozone stronger than expected PMI reports for the EZ & UK have flagged inflation pressures and especially in the UK also highlighted signs of wage pressures amid staff shortages. More ammunition for the hawks at both BoE and ECB, with the risk of accelerated tightening overshadowing the positive news on strengthening confidence. GER30 down -0.22%, UK100 still holding onto a 0.10% gain. 10-yr Bund yield has lifted 2.8 bp to 0.22%, Gilt rate is up 3.8 bp at 1.41%. EZ peripherals are underperforming, Treasuries closed. With the US and Canada on holiday today trading conditions are overall quieter than usual. USD is still down against most currencies, as is the Yen. USDJPY has corrected to 114.85, while EURUSD has lifted to 1.1356, Cable to 1.3630.