A softer mood for stocks to start the European morning
- Eurostoxx -2.1%
- Germany DAX -1.8%
- France CAC 40 -2.1%
- UK FTSE -2.5%
- Spain IBEX -2.2%
The risk mood is leaning towards the pessimistic side as we begin the session, with bond yields also marked lower on the day currently. US futures are down by 1.5% with 10-year Treasury yields down by 6 bps to 0.78% at the moment.
The yen is leading gains in the currencies space so far, but I would argue that Wall Street will have the real and final say for how we will proceed ahead of the weekend.