European stocks playing catch up in early trades
- German DAX futures -0.3%
- French CAC 40 futures -0.5%
- UK FTSE futures -0.3%
This is mainly reflective of overnight price action as European equities closed higher amid a bounce in sentiment before US stocks surrendered those gains to fall late on. Hence, the decline here is mainly to catch up to that as sentiment remains more calm today with US equity futures trading 0.1% higher.
It's hard to get a clear read on markets right now as bonds are all over the place. Treasury yields fell heavily overnight but are making back decent ground today but you get the feeling that it's not a fair reflection of the cautious and jittery tones in markets.
