Risk-off tones prevail to start the session
- Eurostoxx -1.1%
- Germany DAX -1.2%
- France CAC 40 -1.2%
- UK FTSE -1.3%
- Spain IBEX -1.0%
This mirrors the softer mood seen in US futures as well, which are down by roughly 0.5% on the session currently. US-China tensions and concerns about economies reopening too quickly - risking a secondary virus outbreak - are among considerable factors for the decline.
This is helping the dollar and yen to keep a firmer footing on the day, with the greenback also gathering support from Fed chair Powell pushing back against negative rates as well.
