Mildly softer risk tones observed to start the morning
- Eurostoxx -0.1%
- Germany DAX -0.3%
- France CAC 40 -0.1%
- UK FTSE -0.1%
- Spain IBEX -0.3%
At the same time, we're seeing bond yields inch a little lower to star the session and that is feeding into some mildly softer tones with EUR/CHF slipping to 1.0758 currently.
It is all about the anticipation ahead of the trade deal signing and markets are looking a bit anxious - especially on the details and how the deal will be enforced/implemented.
I don't think this is signalling any heavy pessimism just yet but there is certainly some justification to be a fair bit more cautious.
