Mild positive tones observed in early trades
- German DAX futures +0.1%
- French CAC 40 futures +0.2%
- UK FTSE futures +0.2%
This follows gains in Wall Street from Friday as well as the positive mood in Asian equities to begin the new week. However, with US equity futures trading flat and Treasury yields a little heavy, risk sentiment is still a little cautious as we begin the European morning.
USD/JPY holds a tad lower at 111.90, just under the 112.00 handle. But AUD/JPY continues to hold above the 80.00 level after Friday's breakout, so that still dictates a slightly more optimistic tone for currencies at the moment.
