Easy come, easy go. European indices opened higher but have pared gains on the day with the CAC 40 index in particular now marked down by 0.6%. The nerves are still flowing in the equities space and more so for Europe with the French elections coming up. As for US futures, we are also seeing S&P 500 futures erase early gains to be flat now:

It’s tough to get a grip on the risk mood this week. On Monday, European stocks nudged higher while tech shares dragged the S&P 500 lower. Yesterday, it was more of the opposite instead. And so far today, we’re rocking back and forth and reversing the mood from yesterday again.

This article was written by Justin Low at www.forexlive.com.