The softer tones carry over to Europe in early trades

  • German DAX futures -1.1%
  • UK FTSE futures -1.1%
  • Spanish IBEX futures -1.0%

This mirrors the sour mood seen in US futures and Asian equities, amid geopolitical tensions involving Hong Kong and China - as well as the US.

US futures are now down by 0.7% and the overall mood is keeping the dollar and yen underpinned as we begin European morning trade.

Also, just be reminded that it will be a long weekend in the UK (and US) so some repositioning trades in risk and the dollar may be a factor today.