Eurostoxx futures -0.2% in early European trading

  • A more defensive risk mood ahead of the open
  • German DAX futures -0.2%
  • UK FTSE futures flat

This follows from the bounce yesterday, though late on in US trading the recovery was mostly led by tech shares. S&P 500 futures are now down 0.5%, with Nasdaq futures down 0.7% and Dow futures down 0.3%. All in all, it's pointing to a softer mood with some caution still to be heeded. Later in the day, we will have US PPI data to work with after the CPI report yesterday here.

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