Softer tones observed in early trades
- German DAX futures -0.4%
- French CAC 40 futures -0.4%
- UK FTSE futures -0.3%
This goes hand in hand with the kind of sentiment that we're seeing in Asian trading as equities are generally softer and bond yields a little heavy to start the day. Overall, it points to risk tones being slightly more pessimistic as we begin the European morning.
US equity futures are down by 0.3% near the lows while US 10-year yields are also lower by 2.4 bps to 2.57%. That is helping to keep the Japanese yen bid for now, with USD/JPY hovering around 111.88 to start the session.