Equity markets continue to press higher- Dow Jones futures lift above 38,400

The European equity markets and US futures are making further progress just now. The FTSE 100 is leading the way, as it lifts closer to the 7,600 mark and well above the 100 and 200 day moving averages. The DAX is trading above 16,950 and the Dow Jones future is advancing above 38,400. These gains are dampening the dollar slightly and the GBP/USD is once again flirting around its 200 day moving average (1.2565). Earlier today the Pound had fallen back to 1.2535. The drop in the dollar comes even as US yields continue to remain elevated and hold most of the gains notched up yesterday. The Dow Jones is just now priced to reopen at around 38,410