Tech struggles as the mood looks a little sluggish in Europe
After record closes in the S&P 500 and Dow last week, futures in both are pointing to slight gains with the latter set to inch closer towards the 35,000 mark. Nasdaq futures are down 0.3% as tech lags behind with yet another rotation play seen ahead

AUD/USD trades to fresh highs of 0.7880, its highest since 26 February
The AUD/USD chart is one that holds some similarity to the at the moment.
GBP/USD chart

Despite all the optimism, it will take some time before UK GDP recovers back to levels seen before the pandemic
For some context, as of February this year, UK GDP is still seen some 7.8% below the levels seen in February 2020 – before the pandemic weighed on the economy.

Does the market really care about one bad miss on payrolls?
As we get into trading today, it is still all about digesting and gauging the reaction to the surprisingly poor US jobs reports on Friday .