Positive risk vibes observed in early trades

  • German DAX futures +1.2%
  • UK FTSE futures +0.9%
  • Spanish IBEX futures +1.5%

This comes as US futures are also surging ahead to start the session, with Dow futures now up by 0.9% and S&P 500 futures up by 0.8%. In turn, this is keeping some pressure on the dollar and yen with AUD/USD touching 0.7000 for the first time since 2 January.