Eurostoxx futures -0.2% in early European trading

  • A more pensive mood in early trade
  • German DAX futures -0.2%
  • UK FTSE futures -0.2%

Well, there was a decent recovery yesterday after Powell offered a bit of a pushback against the possibility of a 50 bps move later this month. However, markets have been quick to stick with their guns as Fed fund futures still show a 76% probability of that this morning. US futures are also looking more tentative, down 0.1% currently.

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