A bit of catch up to the US cash market in early trades
- German DAX futures -0.3%
- UK FTSE futures -0.4%
- Spanish IBEX futures flat
European indices closed with solid gains yesterday, all before the panic struck US equities after a second airing on Biden’s capital gains tax story flashed across Bloomberg terminals.
As such, there is some hint of a catch up play here but that is somewhat helped by US futures keeping calmer today. S&P 500 futures are up 0.2% to start the session.