Last checked at 
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
AN UPBEAT START TO THE WEEK FOR EUROPE (0747 GMT)
Weak sentiment in Asia has not stopped investors from re-engaging with European equities this morning.
The pan-European STOXX 600 is up 0.9% with gains spread out wide across sectors and regional trading centres.
Miners and oil majors are doing a good chunk of the heavy lifting but other cyclical sectors such as retail and travel & leisure are also in a risk-on mood.
Wind turbine maker Siemens Gamesa, up 6%, is leading individual stocks after Siemens Energy launched a bid for minority holdings in the struggling unit.
In Britain, there was a warm welcome to Q1 results of home improvement retailer Kingfisher, which rose 2.5%.
Among smaller stocks, shares in Deutsche Euroshop surged over 40% after a consortium of bidders offered 1.4 billion euros to acquire the German shopping centre investor.
In the retail space, British online greetings card company Moonpig got a boost after agreeing to buy Smartbox, a gifting experiences platform, and its shares were up about 10%.
All sectors in the black:
(Julien Ponthus)
NO CAPITULATION YET (0650 GMT)
Capitulation in financial jargon refers to a moment when investors lose all hope in a market rebound and simply try to save whatever is left by dumping their holdings.
Clearly, Friday's volte-face on Wall Street during the last hours of trading showed that this dreaded moment hasn't materialised yet after the S&P 500 pulled itself out of bear market territory.
One ray of light for investors during the latest market turmoil has been volatility which has stayed well below the levels reached during previous selloffs.
Still, even if the S&P 500 has managed so far to avoid closing 20% down from its January highs, its 18% slump year-to-date, combined with its longest losing streak since the dotcom crash of 2001 is fuelling fears for what's to come.
As long as the inflation genie is out of the bottle, it would arguably take a carnage across stock markets to trigger the so-called 'Fed put' and see the U.S. Federal Reserve to abandon its aggressive policy tightening path.
Short term however, stock futures are pointing towards an upbeat session in Europe and in the U.S. despite losses in Asia, particularly in China where Beijing reported the most number of cases seen during the current COVID-19 outbreak.
The usual mix of slower growth and rising inflation was also weighing on markets with Singapore reporting a key consumer price gauge rising at its fastest pace in a decade while Vietnam warned reaching its 2022 growth targets would be very challenging.
Key developments that should provide more direction to markets on Monday:
- Asking prices for UK homes see biggest May jump in since 2014
- -Vietnam facing 'huge challenge' to meet 2022 growth target, deputy PM says
- Germany's IFO survey
Wind turbine supply chain won't get easier - Siemens Energy CEO
- Speaker corner: European Central Bank's Robert Holzmann, Joachim Nagel. Bank of England Governor Andrew Bailey. Federal Reserve's Bostic.
- Euro zone finance ministers meet on fiscal rules reform, banking union.
(Julien Ponthus)
European futures on the rise despite stress from Asia (0540 GMT)
European and Wall Street futures are pointing towards an upbeat open despite headwinds from Asia where stocks are under pressure, notably in China.
Hong Kong's Hang Seng Index is down 1.7% and the mainland's CSI300 Index is losing dropped 0.7%, led by a 2.9% decline in technology firms.
Bourses in Europe are by contrast on course to make gains in the region of 1% when the bell rings with the euro currently rising about 0.25% against the dollar.
(Julien Ponthus)
