Risk mood dampens as EU finance ministers fail to reach a coordinated response to deal with the virus fallout
- German DAX futures -0.9%
- French CAC 40 futures -1.4%
- UK FTSE futures -1.5%
The news here has helped to take away the early optimism seen in the equities space with US futures also paring gains of over 1% to around 0.3% currently.
If anything, this further shows that the risk rally seen earlier in the week is a shaky one more than anything else. The euro is also keeping softer after the news broke, with EUR/USD now at 1.0845 - down by over 0.4% on the day.
The dollar and yen are still the two lead gainers so far amid the more tepid mood.
