The risk recovery carries over to Europe in early trades

  • German DAX futures +0.5%
  • French CAC 40 futures +0.4%
  • UK FTSE futures +0.3%

This largely mirrors the mood seen in US futures, which are up by ~0.5% currently, as investors continue to brush aside fears of the new coronavirus outbreak in China.

That is keeping risk sentiment slightly more upbeat as we begin the session with USD/JPY still sitting around 110.00 and gold down by 0.4% to $1,552.35.