European equities open lower to start the day

Author: Justin Low | Category: News

The softer risk mood continues to reverberate in the European morning

  • Eurostoxx -2.0%
  • Germany DAX -1.9%
  • France CAC 40 -2.1%
  • UK FTSE -2.4%
  • Spain IBEX -2.3%
A softer start to the day as investors are cautiously anticipating the US weekly initial jobless claims report later. Again, the report will offer more of a guide for investors about the current situation as expectations are varying wildly about what the data may say.

For now, it is risk-off with the yen keeping gains on the session while the dollar is losing a bit of ground. USD/JPY is down to 109.40 but we are seeing EUR/USD climb to 1.0935.

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