A slightly more positive tone in early trades

  • German DAX futures +0.6%
  • French CAC 40 futures +0.5%
  • UK FTSE futures +0.7%

This is largely keeping in tone with the mood from US futures as well as most Asian equities, although we do see Chinese stocks pull back a little on the day with the Shanghai Composite closing lower by 0.3% and the CSI 300 index lower by 0.2%.

Regardless, the overall mood remains steady but no real tilt towards being overwhelmingly positive for the time being. USD/JPY is settling around 110.00-05 still for now.