Slightly softer tones in early trades
- German DAX futures -0.6%
- French CAC 40 futures -0.4%
- UK FTSE futures -0.4%
Part of the story for the declines here is catch up play to the performance of US equities overnight. European equities ended the session higher yesterday before US stocks surrendered their gains to end around flat levels for the day.
The other part of the softer start here is slight weakness in US equity futures and risk sentiment as we begin the session. E-minis are down by about 0.2% as Treasury yields are also weighed lower so that is helping to keep the yen and franc bid in the early European morning.
