Eurostoxx futures +0.5% in early European trading
Decent gains seen in early trades
- German DAX futures +0.5%
- French CAC 40 futures +0.6%
- UK FTSE futures +0.5%
Some positive tones seen here but of note do be reminded that European stocks closed Friday lower, missing out on the latter half of the US recovery once again. Hence, I wouldn't call this a notable shift towards a risk-on move just yet.
But the sentiment here should continue to see USD/JPY stay underpinned as we start the morning.
Meanwhile, Chinese stocks close the day with solid gains after a week-long break with the Shanghai Composite up 1.4% and the CSI 300 index up 1.8%.