Slightly more cautious mood in early trades

  • German DAX futures -0.2%
  • French CAC 40 futures -0.2%
  • UK FTSE futures -0.2%

This follows a similar mood in US equity futures which are down by about ~0.15% as we begin the session. Markets are slightly more on the defensive side as US-Mexico talks failed to reach a deal and Trump saying that tariffs will go forward if things stay that way.

Talks will resume again later today but expect more nervous tones to prevail unless there are suggestions that both sides can reach some form of compromise.