Morning Bid: A bond bounce, or a bull trap?

News Snapshot:

[1/3] Traders are pictured at their desks in front of the DAX board at the stock exchange in Frankfurt, Germany July 29, 2015. REUTERS/Remote/Pawel Kopczynski/File photo Acquire Licensing Rights A look at the day ahead in European and global markets from Tom Westbrook Relief extended from Wall Street to Marunouchi on Thursday, with bond yields and the dollar down further and stock markets stabilising. Gold rose. Asian stocks outside Japan (and China, which remains on holiday) rose 1% (.MIAPJ0000PUS). A cooler-than-expected U.S. private payrolls report and Wednesday's 5% drop in crude oil prices have helped. The oil slump was particularly...