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Softer tones in the first trades

  • German DAX Futures -0.6%
  • UK FTSE Futures -0.4%
  • Spanish futures IBEX -0.5%
This comes after a more modest performance yesterday before US stocks were hit as rates climbed following Powell’s appointment as Fed chairman, so there is some element of catching up ahead of today’s opening. ‘hui.

So far, the background music is not as austere as future Europeans suggest, but the risk is still slightly defensive. S&P 500 futures are down 0.1%, Nasdaq futures are down 0.2% and Dow futures are down 0.1% as we look to get things done.

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