Eurostoxx futures rose by 0.1% in early European trading on Tuesday, mirroring slight gains across major European markets. Germany’s DAX futures and the UK’s FTSE futures also gained 0.1% and 0.2%, respectively.
These gains follow Monday’s momentum, which saw Wall Street rally amid lighter-than-usual trading due to a U.S. holiday. However, today’s trading mood appears more cautious, with U.S. futures largely flat as investors adopt a wait-and-see approach.
In the foreign exchange market, the U.S. dollar remains firm. The EUR/USD is down 0.2% to 1.0890, while AUD/USD is down 0.3% at 0.6705. The Australian dollar is struggling to find support from the Chinese yuan, as China’s equities market faces renewed pressure. The CSI 300 index in China is down 1.3% as it approaches the final hour of trading.
The cautious sentiment reflects a mix of factors, including weaker performance in Asian markets and uncertainty surrounding U.S. market movements, keeping traders on edge.
