Tepid tones observed in early trades

  • German DAX futures -0.1%
  • UK FTSE futures +0.1%
  • Spanish IBEX futures -0.1%

This follows the more modest showing yesterday, though the drag in US equities for a second straight day is possibly weighing a little.

US futures are holding up fairly decently though so far today, so that may help to keep risk sentiment a little steadier going into European trading.

S&P 500 futures are up 0.2%, Nasdaq futures up 0.3%, and Dow futures are flat. However, keep in mind that thinner liquidity conditions will prevail amid the holiday in the US and that the Treasuries market will be closed today.