A tepid start to the new week

  • German DAX futures flat
  • UK FTSE futures -0.1%

It's a relatively quiet start for risk trades with US futures a touch lower, down 0.1%. Keep in mind that it is also a US holiday so there might not be much appetite for market participants to really go chasing for the time being.

In Asia, the Nikkei closes down 0.6% with virus fears still posing a problem domestically ahead of the Olympics while AxJ equities are more mixed but generally a little higher.

The Hang Seng is down 0.6% though while the Shanghai Composite is up 0.1%.