Softer risk tones as we get the session underway
- Eurostoxx -0.8%
- Germany DAX -1.5%
- France CAC 40 -1.2%
- UK FTSE -1.1%
- Spain IBEX -1.2%
There is a sense of a risk-off tilt as we get things going in European trading today, with S&P 500 futures down ~0.5% and Nasdaq futures also down ~0.9% now. Elsewhere, 10-year Treasury yields are down by 2.3 bps to 0.702% at the lows currently.
This is leading to some broader selling in the aussie and kiwi on the day, with AUD/USD now falling to a low of 0.7105 from around 0.7130 earlier.
The dollar is also keeping slightly firmer with EUR/USD down to 1.1735 and GBP/USD slipping back under the 1.3000 handle to 1.2990 at the moment.
The setback in US stimulus talks is still one of the factors weighing on the risk mood this week, but the worsening virus situation in Europe is also not helping with sentiment.
