Risk sentiment stays pressured to start the session
European equities are bleeding by over 1% now, with Italy’s FTSE MIB leading losses being down by 2% among the major indices.
US futures are also keeping more subdued as risk is pressured lower to start the day.
S&P 500 futures are down 0.4%, Nasdaq futures down 0.2%, Dow futures down 0.6%.
All the talk is pointing to “renewed virus concerns” and while that may be valid, I reckon we are seeing some exhaustion after the highs in the past two weeks with not much other reasons to work with for buyers for the time being.