Slightly softer tones in early trades

  • German DAX futures -0.2%
  • French CAC 40 futures -0.3%
  • UK FTSE futures -0.3%

This mainly reflects the mood seen in US equities overnight as European stocks closed before Powell's remarks weighed on the equities market. I wouldn't look too much into the declines here unless they extend further in the session, as US equity futures are holding steady near flat levels as we begin the European morning.