Very mild positive tones in early trades

  • German DAX futures +0.2%
  • French CAC 40 futures +0.1%
  • UK FTSE futures +0.2%

This very much mirrors the tone seen in US equity futures and also as other risk assets aren't showing too much optimism as we begin the day. Chinese stocks are still buoyed on administrative pledges to bolster its economy but gains are rather isolated as we have seen in Asian trading for the most part.

That said, risk currencies are benefiting off the sentiment there and the fact that equities aren't somewhat struggling as we begin the day.