Softer tones in Europe at the opening of the cash market
- Eurostoxx -0.4%
- Germany DAX -0.3%
- France CAC 40 -0.4%
- UK FTSE -0.5%
- Spain IBEX -0.3%
The outcome of the Franco-German proposal at the start of this week could be a factor to consider in easing the mood for European stocks in the coming session, so keep that in mind as we see the “frugals” finding their own counter-proposal.
That said, there are not a lot of spinoffs as we see futures in the United States continuing to increase 0.4% as the mood for risk remains a little more mixed.
However, the main currencies remain faithful to the latter’s sentiment, as the dollar and the yen remain mainly on the back foot to start the session.
Meanwhile, the pound is the notable laggard amid softer UK inflation data, fanning the flames of the BOE earlier, potentially looking down the path of negative rates.