A more defensive risk posture in early trades

  • German DAX futures -0.8%
  • UK FTSE futures -0.7%
  • Spanish IBEX futures -0.7%

This mirrors the softer mood seen in US futures, with risk on the retreat in general to start the day. S&P 500 futures are down 0.9% currently.

The mood isn't helped by a tumble in Asian equities as well, with the Nikkei closing down 1.8% as virus woes weigh while the selloff in China continues with the Hang Seng down over 2% and the Shanghai Composite down by roughly 1%.