Headlines:Risk keeps in a more positive spot so far on the dayElon Musk says Twitter deal put on hold, shares down 17% in pre-marketECB’s Centeno: APP should end in first few weeks of Q3, rate hike „some time after“ECB’s de Guindos doesn’t want to get sucked into July rate hike debateSouth Korea reports that North Korea appears ready for another nuclear testEurozone March industrial production -1.8% vs -2.0% m/m expectedSpain April final CPI +8.4% vs +8.4% y/y prelimFrance April final CPI +4.8% vs +4.8% y/y prelimMarkets:AUD leads, JPY lags on the dayEuropean equities higher; S&P 500 futures up 1.2%US 10-year yields up 8.5 bps to 2.90%Gold down 0.2% to $1,817.33WTI crude up 1.6% to $107.84Bitcoin up 6.6% to $30,436After the late comeback by US equities yesterday, risk appetite has improved in trading today with equities holding higher on the day.European indices are keeping gains of over 1% while US futures are also seeing similar gains with Nasdaq futures leading the charge, up 1.7% currently. That said, it still has been a rough week overall for US stocks so this is but a bit-part reprieve.The bid in bonds is also being cast aside as sellers return, after four straight days of „absence“ this week. 2-year Treasury yields are up 6.4 bps to 2.586% while 10-year Treasury yields are up 9.1 bps to 2.907%.In FX, there isn’t too much change as the dollar is sitting more mixed but mostly just giving up some light ground after its unrelenting advance this week. USD/JPY is perhaps the notable mover as it is up 0.5% to 129.00, bouncing off a drop just below 128.00 yesterday.Elsewhere, commodity currencies are the ones benefiting the most amid the improved risk mood. USD/CAD is down 0.3% but finding it tough to break below 1.3000 amid large option expiries. Meanwhile, AUD/USD is up 0.5% to 0.6890 but it doesn’t really mean much when you consider the technical picture.