Eurostoxx futures -0.2% in early European trading
Softer tones observed in early trades
- German DAX futures -0.2%
- French CAC 40 futures -0.2%
- UK FTSE futures -0.6%
The declines here are rather a catch-up to overnight developments where European markets closed before the late pullback in US stocks. Meanwhile, the drop in UK futures is mostly reflective of the surge higher in the pound after Juncker's interview.
Looking ahead, risk sentiment remains more measured but slightly on the cautious side as we begin European trading. US futures are flat but yields are on the back foot though nothing suggestive of any major risk-off sentiment yet.
The dollar remains sluggish as it trades weaker against the yen and franc with USD/JPY at 107.87 and USD/CHF at 0.9914 currently.
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