Calmer tones observed in early trades

  • German DAX futures +0.3%
  • UK FTSE futures -0.1%
  • Spanish IBEX futures +0.1%

This follows a solid round of gains by European indices yesterday. The risk mood is keeping more calm as we get the session going, awaiting the next directional tilt. US futures are offering little to help with that, keeping closer to flat levels for now.