U.S. equities are mildly firmer
U.S. equities are mildly firmer after Deutsche Bank resumed trade with a solid advance before stalling, leaving European bourses mostly firmer led by the UK FTSE, which rallied 1.9% after PM May stuck with the hard Brexit timetable and the pound plunged to fresh 31-year lows of $1.2734. In contrast, the German DAX is only 0.5% higher after Deutsche Bank gained another 3.5%, though this was accompanied by another rise in its skeptical CDS spreads. The Dow is up 23-points, S&P gained 2-points and NASDAQ rose 8-points ahead of the opening bell. The U.S. calendar is eerily quiet outside of Fedspeak from Richmond uber-hawk Lacker (non-voter), while dove Evans of Chicago is due well after the close. Pandora climbed over 4% after Goldman put the online radio firm on its shopping list and raised its price target. Darden Restaurants rallied 5.5% after posting a Q1 sales gain thanks to Olive Garden.