U.S. equities are back on the rise
U.S. equities are back on the rise amid some bottom fishing on damaged tech and retail sector stocks, while Europe was buoyed by French parliamentary elections and Chinese shares rallied after authorities mulled removal of futures investment restrictions. The Dow is 71-points firmer, S&P gained 7-points and NASDAQ 47-points higher in pre-open action after the FANGS jumped about 1% in pre-market trade. The dollar index was lifted as well to near 97.30 following relatively hawkish/bullish remarks from NY Fed dove Dudley and that's had the opposite impact on gold, which probed below $1,250 as U.S. yields jumped. The Euro Stoxx 50 is 1% higher, while the French CAC surged 1% as well, while Japan's Nikkei gained 0.6% and China's Shanghai Comp rallied 0.6%. WTI crude oil is just marginally firmer near $44.80 bbl. Chicago Fed dove Evans could balance things out later in terms of Fedspeak, but he will be due well after the close from 19 ET.