Little change observed in early trades

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

This sort of mirrors the mood in US futures at the moment, which are up by ~0.2%, on the session currently. The overall risk mood is a bit more mixed with equities keeping a little more steady but bond yields are lower on the day.

US 10-year yields are down by 1.9 bps to 1.637% - at session lows - and that is creating a bit of a push and pull in the risk mood. USD/JPY is keeping lower as well at 109.07 now.