Stocks in Europe and UK are bouncing back this morning, setting a more positive tone than Wall Street or Asian markets.

In the US, minutes of the Fed’s June meeting will be in focus when they are released later today. Investors will be looking for further clues regarding the Fed’s view of inflation and when the central bank might begin tightening policy and reduce its asset purchasing program. Interestingly, we note that today the yield on the US 10-year Treasury Note has fallen to 1.33%, its lowest level since February.

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