Softer tones observed in early trades
- German DAX futures -0.6%
- UK FTSE futures -0.9%
- Spanish IBEX futures -0.8%
This reflects the softer mood in US futures, as we see S&P 500 futures down 0.6% while Nasdaq futures are down 0.3% to get things started on the session.
The slightly more defensive risk mood in keeping the yen a little more underpinned but there is no overwhelming wave of risk aversion in the market sweeping across just yet.
