Today, market sentiment is one of risk aversion. European stocks face another cautious session with rising US-China tensions and no progress in negotiations on the new US stimulus package.
The Dollar regains some of the ground lost on Thursday, with the currency's DXY index trading again above 93.00. Traders are likely to take a cautious approach to currency risk ahead of the US-China trade talks on 15 August.
Treasury yields moved away from intraday lows on Thursday after the Trump administration overturned the global travel alert, inspiring a late-day recovery in risky assets and eliminating initial bond market gains.
Oil prices have seen little change in Asia and may trade within a limited range for now.
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