Mild positive tones to begin the new week

  • German DAX futures +0.1%
  • French CAC 40 futures +0.1%
  • UK FTSE futures +0.2%
  • Spanish IBEX futures +0.2%

This mainly mirrors sentiment in US equity futures, with E-minis up around 0.2% to 0.3% as well so far on the session. Overall risk sentiment is slightly more positive but I reckon we won't see market participants get carried away with any sweeping risk-on/risk-off rally ahead of the FOMC meeting on Wednesday.

As such, expect a more quiet and mixed session in the day ahead with little on the economic calendar to move things along as well. If anything else, just look out for trade headlines as they could shake things up a little over the next two days.