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European equities open lower to start the day

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A slightly softer touch for equities so far

  • Eurostoxx -0.4%
  • Germany DAX -0.4%
  • France CAC 40 -0.4%
  • UK FTSE -0.5%
  • Spain IBEX -0.5%

We’ve been through this many a time already, whereby Europe opens on a slightly more tepid and subdued note only for things to turn around later in US trading.

US futures are keeping more mixed with tech leading the way again, as both S&P 500 futures and Dow futures are down 0.2% while Nasdaq futures are up 0.1%.

European indices are arguably just showing some signs of moderation, with the DAX just coming off fresh all-time highs.

The bond market is still a key spot to watch in terms of overall risk sentiment and so far, Treasury yields are steady with 10-year yields flattish around 1.40%.

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