Europe pretty much doing its own thing so far in early trades

European investors are not buying into the risk rebound it would seem. Although E-minis are still holding higher, it's not helping to lift the mood in early trades here and this shows that risk sentiment is still susceptible to a possible downturn in the session ahead.

And it won't take much for that to happen. In times like these, all it takes is just one negative headline and that will prove to be enough to sap out the optimism in markets.