Asian markets are once again lower this morning as optimism over the trade deal continues to wane. Markets are off their lows in late trading but not sufficient enough to suggest that we are going to see anything other than a weak start to trading on the European exchanges.
In the United States, health care, technology and energy stocks led the selling with GOLD continuing to come under pressure as the dollar strengthened. Non farm payroll tomorrow will set the next course of direction.
The ECB rate decision later,today will, again be no surprise but look to the press conference afterwards for any indication of forward policy.
DAX futures are proving more resilient than DOW futures as the latter sells off more aggressively. Whilst we might drift for much of the day my preference is to short DAX on any bounce higher.