Mildly softer tones observed in early trades

  • German DAX futures -0.1%
  • French CAC 40 futures -0.1%
  • UK FTSE futures flat
  • Spanish IBEX futures -0.1%

With Asian equities also holding lower, it's not really providing much optimism for European investors to work with as we begin the morning. US equity futures are also trading down 0.1% at the moment so the mood here is very much reflective of that as well.

Meanwhile, US Treasury yields are holding lower to start trading today with 10-year yields down 1.8 bps to 2.507% so that is weighing on yen pairs as we begin the session.