Joy in the Air
There's a distinct sense of joy on the financial markets at the moment. European equities have seized the opportunity to shine as they catch up with Wall Street. On the other side of the Atlantic, risk appetite shows no sign of waning. Behind this buoyant mood lie some strong corporate earnings reports, underpinned by a resilient American consumer. Notably, today's final trading session of the week coincides with monthly equity options expiry - a context marked by investor complacency, with hopes pinned on upcoming trade deals, solid earnings results, and, as a bonus, one or two Fed rate cuts before year-end.
