European stock markets erased early gains
European stock markets erased early gains during the course of the session. The DAX is currently swinging between gains and losses, while other Eurozone markets as well as the FTSE 100 are under pressure, with political risks curbing investor appetite. With Japan on holiday, Asia still had a largely positive session and mainland China bourses closed with marked gains, amid The Hang Seng lost -0.44% as political protests continue to escalate, while CSI 300 and Shanghai Comp rose 1.8% and 1.5% respectively, amid hopes that the PBOC will continue to keep rates low, although comments from U.S. President Trump saying that he would be "fine" if trade talks scheduled for next month won't happen. Trade jitters and political tensions continue to underpin safe haven demand and in Europe the risk of a government collapse in Italy and the U.K.'s "no-deal" Brexit course are weighing on confidence. U.S. futures are down -0.7-0.8% and the front end WTI future is trading at USD 53.66 per barrel.