ECB - WE ARE NOT HERE TO CONTROL THE YIELDS...

Not much in the way of big overnight news...

Chinese indices rallied, U.S. futures were in the green, the Nasdaq led the way and the yen weakened further...

07:30 GMT snapshot

Main events today are the ECB meeting and the weekly claims & JOLTS data from the U.S.

There's also the 30Y auction, although the 10Y passed without too much incident so I guess everyone will stop caring about bond auctions again.

ECB

Setting the scene...

Rising bond yields across the EU had a few officials running scared...

Favourable financing conditions were

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Tim Vollans

• Spain

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