Strongest gains belie current risk mood
- German DAX Futures + 1.0%
- French CAC 40 futures + 0.7%
- FTSE UK Futures + 0.9%
Therefore, the movements we see here are largely due to this, that is, catching up with the game.
The risk tone underlying the approach of the start of the session is more lukewarm, as future Americans are approaching stable levels. The same mood is also observed on the bond market.
As such, the major currencies are also struggling to muster a true conviction to start the day, as we find that narrow ranges still prevail for the most part.