Tepid tones observed in early trades

  • German DAX futures +0.1%
  • UK FTSE futures +0.3%
  • Spanish IBEX futures flat

The risk mood is a little on the cautious side with US futures also seen down by ~0.2% and not really helped by vaccine news from Johnson & Johnson earlier.

Elsewhere, Treasury yields are also seen slightly lower with 10-year yields down 1.2 bps to 0.762% so that is keeping investors more in-check for now.