European equities a little lower to start the day

Author: Justin Low | Category: News

A slightly softer start to begin proceedings

  • Eurostoxx -0.2%
  • Germany DAX -0.2%
  • France CAC 40 -0.3%
  • UK FTSE -0.2%
  • Spain IBEX -0.3%
The overall risk tone remains more cautious although we are seeing bond yields keep more steady on the session so far today. US 10-year yields are a little higher at around 1.59% but the market appears to be indecisive amid the flurry coronavirus headlines for now.

USD/JPY is a tad higher at around 109.83 but isn't running away with gains whatsoever, with the 110.00 level still helping to put a lid on price action since last week.

Besides the aussie, the movement among major currencies continues to be rather tepid but the pound has backed off a little from 1.2900 to test the 100-day moving average again.

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