That's setting up for a decently better mood ahead of the European open, though regional futures are lightly changed for now. European indices did continue with gains yesterday though, with the DAX finishing over 1% higher to fresh record highs again. The latest BofA fund manager survey shows that market players are regarding any trade war as no more than tail risk. Perhaps that speaks to the look and feel on tariffs now as compared to before Trump's inauguration. That especially since he isn't really hitting hard at China in particular.

SPX
S&P 500 futures
Source: Forex Live