A little cautious still despite US futures paring losses in the past hour

  • Eurostoxx -0.3%
  • Germany DAX -0.4%
  • France CAC 40 -0.4%
  • UK FTSE -0.1%
  • Spain IBEX -0.3%

This keeps in tune with the more defensive risk mood from Asia Pacific trading and bond yields are also reaffirming that as 10-year Treasury yields are still down 2.4 bps to 1.745%.

US futures are not 'playing ball' though with S&P 500 futures having erased losses in the past hour to keep near flat levels on the day currently.

E-minis 23-01

I reckon it is going to be a case of greed vs fear once again in trading today.