Risk tones prevail to start the session
- Eurostoxx -1.1%
- Germany DAX -1.2%
- France CAC 40 -1.2%
- UK FTSE -1.3%
- Spain IBEX -1.0%
This also reflects the softer mood seen in US futures, which are down about 0.5% from the current session. US-Chinese tensions and fears of too rapid reopening of economies – risking an outbreak of a secondary virus – are among the significant factors behind the decline.
This helps the dollar and the yen stay firmer on the day, with the greenback also gaining support from Fed President Powell also pushing negative rates.