A couple of releases to move things along in Europe today

It’s a quiet start to the day so far with major currencies mostly little changed ahead of European trading. All eyes are on the US non-farm payrolls so that is likely to make for a bit more of a lull in the session to come.

China is once again stealing the headlines in Asia as they continue their efforts to try and defend the yuan currency.

As we keep the focus on US data later today, the broader market reaction – in particular the dollar and bonds – remains the key thing to watch. That will in turn translate to how equities and risk trades will react in the aftermath later today. It’s all about reading into the impact of the data on US economic sentiment and Fed pricing.

Here’s a look at the changes in the latter since the US non-farm payrolls last month: