Slightly softer tones observed in early trades

  • German DAX futures -0.2%
  • French CAC 40 futures -0.2%
  • UK FTSE futures -0.1%

This mainly mirrors the mood seen in US equity futures, which are down by about 0.1% to 0.2% as we begin the session. The overall risk mood is a bit softer as market participants continue to tread with caution.

I reckon the state of flux we're seeing here will keep up until tomorrow - barring any fresh trade headlines that is - where US retail sales data will offer more clues for traders on how to go about with market direction.