Sainsbury’s share price recently fell to a seven-month low as traders are cautious ahead of the company's first quarter trading update.

This year has been a horror show for the Japanese yen. The Japanese yen has been one the worst performers this year against a basket of currencies, losing 18% of its value against the US dollar.

Last Friday, the S&P 500 rallied over 3% but now things have cooled a little. The slight tick higher in bond yields seems to be applying pressure to stocks.

The bulls are in control as stock markets in Europe and the US are showing strong gains.