European Cash Open: Risk Tilts Down Following Asia’s Lead

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By Giles Coghlan, Chief Currency Analyst at HYCM

Down at the cash open
Dax: +0.30%
UK FTSE: -0.40%
Euro Stoxx: -0.30%
France 40 (CAC): -0.40%
IBEX:-0.30%

Risk has stalled on the concern that the US will get cold feet about rolling back September tariffs after there was reportedly ‘high tensions’ concerning agreement to China’s requests/demands. Hence the pause in the risk rally. Asian indices started the doubt not following Wall St’s optimism. Now Europe is tilting off – all eyes on….dun, dun, der! Trump’s twitter feed.

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