European equities see red at the open
European stocks are lower as virus fears continue to grip the market
- Eurostoxx -0.4%
- Germany DAX 0.5%
- France CAC 40 -0.5%
- UK FTSE -0.4%
- Spain IBEX -0.5%
The softer risk mood continues to persist as we begin European trading, with Treasury yields also at the lows of the day. US 10-year yields are now down by 4.6 bps to 1.47% and in turn is starting to see yen pairs dragged lower across the board.
USD/JPY is down to 111.58 as the correction after the recent rally is beginning to take hold.