Mildly softer tones in early trades
- German DAX futures flat
- UK FTSE futures -0.2%
- Spanish IBEX futures -0.1%
Despite European futures keeping closer to flat levels, the overall risk mood is more on the defensive side to start the session as US futures are seeing down ~0.3% now.
That said, they are off earlier lows - similar for Asian equities - and that is seeing some of the dollar and yen strength ease a little. Both currencies are still leading gains but are off the highs seen earlier in the day.
The main focus will be on US non-farm payrolls today for any further clues about labour market conditions and how that will relate to risk sentiment later ahead of the weekend.
