European equities open lower to start the day
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.