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Modest gains in the first exchanges

  • German DAX futures + 0.6%
  • UK FTSE Futures + 0.6%
  • Spanish IBEX Futures + 0.7%
This follows a decent rebound in trading yesterday after Monday’s poor start to the week. The overall risk mood remains relatively stable for now as China’s nervousness is put on the sidebar, with the Fed returning to the spotlight later.

In Asia, the Nikkei closed 0.7% lower as Japanese stocks continued to pull back after testing February highs for the index. In China, the Shanghai Composite is up 0.4% to daily highs before the last hour of trading.

Elsewhere, US futures are up around 0.3% to 0.4%, which also helps keep a calmer tone for restarting European trading.

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