A more cautious mood is being observed in early trades
- German DAX futures -0.4%
- French CAC 40 futures -0.2%
- UK FTSE futures -0.2%
Risk tones remain on the softer side as we begin the session despite the fact that the S&P 500 recorded an all-time high in overnight trading.
It could be that traders are wary of risks into the weekend or perhaps the market is having second thoughts about a dovish Fed (after so much has already been priced in and other central banks are also growing more dovish) or it could be just a change in focus back to the trade war (Trump-Xi meeting next week).
Either way, it's early days for now so let's see how things proceed and what narrative we'll land on in the session ahead.
