Eurostoxx futures -0.5% in early European trading

Softer tones observed in early trades

• German DAX futures -0.7%
• French CAC 40 futures -0.7%
• UK FTSE futures -0.5%

European equities are picking up from where Asia left off as risk sentiment remains sluggish on the day following weak Chinese trade figures seen earlier. The tone here should continue throughout the session as there isn't much else to change that sentiment ahead of US trading.

That should keep the yen underpinned still while weighing on the aussie and kiwi in the European morning session.