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Softer tones as the session starts

  • Eurostoxx -0.7%
  • Germany DAX -0.8%
  • France CAC 40 -0.6%
  • UK FTSE -0.3%
  • Spain IBEX -0.2%

There is a slight element of catching up losses in US equities overnight, but the overall risk mood so far today also tends to be more defensive. US futures are down 0.3% overall and this reflects a more cautious sentiment in the market.

Growing concerns about the COVID-19 situation in Europe are not helping either.

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