The risk-off tone continues to reverberate in Europe
- Eurostoxx -1.0%
- Germany DAX -1.5%
- France CAC 40 -1.7%
- UK FTSE -1.4%
- Spain IBEX -1.5%
US futures are still down by ~1% on the day and we’re also seeing German 10-year yields keep near two-month lows around -0.35% to start the session.
The negative risk mood is continuing to keep haven assets bid and risk sentiment as the main focus. So, keep an eye on bonds/US stocks in case we see the risk aversion sink deeper or start to turn a bit of a corner on tech earnings hopes this week.