Tepid tones observed in early trades
- German DAX futures -0.1%
- UK FTSE futures -0.3%
- Spanish IBEX futures flat
This mirrors the sentiment from S&P 500 futures, which are near flat levels as we get things going in European morning trade. There are a couple of contrasting narratives at play as we start the new day, so that is sort of keeping the risk mood more tepid/fragile.
The good:
The bad: