Risk aversion on China virus concerns keep markets on the defensive
- Eurostoxx -0.6%
- Germany DAX -0.7%
- France CAC 40 -0.8%
- UK FTSE -0.6%
- Spain IBEX -0.8%
The more pessimistic risk mood carries over to the start of European trading and is looking to stay the course amid heightened risks of the new coronavirus outbreak in China.
USD/JPY is still keeping around 109.98 currently as price is staying weaker but buyers are still defending the 200-hour moving average @ 109.90.
Meanwhile, gold has seen its gains erased with price slipping to $1,560.80 now with bonds also paring a little of its earlier gains. US 10-year yields are down by 2.8 bps at 1.793% but are 1.2 bps off lows seen at the start of the session.
