Eurostoxx futures +0.5% in early European trading

  • Slightly firmer tones in early trades
  • German DAX futures +0.6%
  • UK FTSE futures -0.1%
  • Spanish IBEX futures +0.4%

This comes after a drop in the past two sessions since Jackson Hole. For now, it just feels like a light reprieve as the technicals suggest that there could be more downside pressure to follow. S&P 500 futures are up 0.3% on the day but the chart for the cash market isn't looking too optimistic:

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