European equities open softer to start the week
Stocks are still seen struggling on the new week
- Eurostoxx -0.5%
- Germany DAX -0.4%
- France CAC 40 -0.9%
- UK FTSE -0.4%
- Spain IBEX -0.5%
- Italy FTSE MIB -0.3%
Meanwhile, US equity futures are trading lower by 0.5% currently. As mentioned earlier, there's a bit of a divergence in markets for the time being. Currencies and bonds are showing a much calmer mood (I reckon the former is following the latter) to start the day.
Bonds are holding steady and we're seeing 10-year Treasury yields up by 1.4 bps to 2.453% at the moment so there's a bit of a contrast in the risk mood. Eventually, traders will have to draw a line and pick a side but we could have to wait until US open for that to happen.