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Lets have a look where european equities are trading, just under 13 minutes to the close of equity trading. 1 . Stoxx 600 is up 2 10 of even though that is not a huge gain we are seeing, where you are seeing a bit of a risk on his what is underperforming are the defenses. Telecom, one of the worst performers. What is outperforming its Energy Stocks, even though we are seeing crude weaker. And financials as well. We saw that with the bank stocks in the u. S. Session yesterday. Financials in europe up 1. 1 . The best performer on the stoxx 600. This is the banks index yeartodate. The level is the highest in six weeks. Really getting the boost. Although we are seeing the tenuretrack your yields steadier in the session, youre seeing yields move higher in europe. I want to show you the 10 year guilt bond spread. It is always Something Interesting to keep an eye on. That continues to widen out. We really see that gilt yield rise since the expectations of boe tightening have been reworked in

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