Cautious optimism as one would put it
With E-minis trading 0.5% higher on the session, European stocks aren't getting too carried away either by the bounce in risk so far today. But the optimism seen here is still helping to lift yen pairs with USD/JPY trading at 112.84 currently also buoyed by dollar bids on the session.
As for treading cautiously, investors only have to look to Volkswagen earnings earlier as a guide. Although earnings beat expectations, profits continue to be mired by slowdown from China. The trade war isn't going away any time soon and that will have a big say on the longer-term prospects of European stocks.
