Flat tones observed in early trades in the European morning
- German DAX futures flat
- French CAC 40 futures +0.1%
- UK FTSE futures -0.1%
This mainly reflects the retracement we saw in US equities towards the end of yesterday's trading, whereas European equities posted decent gains. Overall, risk sentiment among stocks are just a tad bit positive with US equity futures up 0.1% while Asian equities are also squeezing mild gains thus far.
However, the main focus remains on bonds as global yields continue to climb after Chinese economic data eases some concerns on the global growth slowdown. Germany's 10-year bund yields are higher by 0.086% now, up to four-week highs.
