Eurostoxx futures +0.1% in early European trading

  • Steady tones in early trade
  • German DAX futures +0.1%
  • UK FTSE futures +0.2%

This mirrors the mood in US futures, with S&P 500 futures seen up 4 points, or 0.1%, as well. German inflation will be a key focus point in the session ahead and that might impact the mood a little but looking over to FX, the dollar is softer pretty much across the board (yen being the exception). The more buoyant China PMI data from earlier is arguably playing a role in the major currencies space today.

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