European equities open softer to star the day

The risk-off mood continues to stay the course as the cash equity market opens

  • Eurostoxx -0.4%
  • Germany DAX -0.4%
  • France CAC 40 -0.4%
  • UK FTSE -0.5%
  • Spain IBEX -0.5%

This mirrors the mood that we're seeing with US futures, which are down by 0.5%, as the risk-off mood continues to reverberate in the market.

US 10-year yields are down by 5 bps to 1.583% currently and USD/JPY stays pressured at session lows around 109.72-75 in the European morning.

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