Risk trades are still being pressured towards the end of the week
- Eurostoxx -0.3%
- Germany DAX -0.4%
- France CAC 40 -0.4%
- UK FTSE -0.3%
- Spain IBEX flat
- Italy FTSE MIB -0.5%
That follows the more defensive tones seen in US futures so far on the day as well. S&P 500 futures are down 0.4%, Nasdaq futures down 0.3%, Dow futures down 0.4%.
Overall sentiment is continuing to keep some pressure on commodity currencies, with the loonie in particular down by over 100 pips against the dollar as USD/CAD continues its march towards 1.3000 on the week.
All things considered, it is tough to see broader sentiment turning on a Friday – especially one in the context of this week – but perhaps US equities may see a late comeback (as has been the case typically) through dip buying activity before the week ends.