Risk mood chops around in European trading so far

Author: Justin Low | Category: News

Equities pare earlier losses to keep little changed now

The dollar may be weaker across the board but elsewhere, equities and bonds are a little more choppy to start the session. Risk was tilted slightly more defensively early on but equities are seeing a bit of a recovery in the past half-hour.

S&P 500 futures briefly climbed into positive territory before sitting a little lower now, but well off earlier lows. Nasdaq futures are up by 0.1% though.

In Europe, the DAX has pared earlier losses to keep flat currently. Elsewhere, 10-year Treasury yields also moved off lows of 0.834% to 0.85% as trading sentiment reflects some choppiness as investors continue to try and figure things out on the week.

As for a general sentiment indicator, I'd watch the S&P 500 cash market with the 3,600 level and the 2 September high (now acting as support) @ 3,588 to provide a gauge of the risk bias in the market.

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