Softer tones observed in early trades
- German DAX futures -0.4%
- UK FTSE futures -0.4%
- Spain IBEX futures -0.5%
This mirrors the mood seen in US futures, which are trading lower by about 0.7% as well to get the session underway. There are a host of factors one can allude to with regards to the softer risk sentiment, so pick your poison:
1) Fresh outbreaks seen in Tokyo, Hong Kong, Melbourne
2) US coronavirus figures not encouraging (again)
3) Chinese equities being sold, set to snap eight-day winning streak
Or perhaps it is a collective sentiment of all of the above. As for major currencies, the yen and dollar are the two beneficiaries with the aussie the laggard on the day.
