Some catch-up play to the late surge in US equities yesterday

  • German DAX futures +0.7%
  • UK FTSE futures +0.5%
  • Spanish IBEX futures +0.6%

European indices suffered a brutal beating yesterday and closed with well over 3% losses, missing out on the late surge in US stocks. The bounce today is more reflective of some catch-up due to the latter as optimism remains fleeting for now.

US futures are down by ~0.3% as we get the session underway, so that offers a better indication of the risk mood in the market currently.