European equities open lower to start the day

Many stocks still untraded at the open amid sharp declines

  • Eurostoxx -2.4%
  • Germany DAX -5.4%
  • France CAC 40 -2.9%
  • UK FTSE -1.9%
  • Spain IBEX -4.9%

Once trading fully gets going, I reckon we'll see declines of around 5% across the board. Just a bit of an update, S&P 500 ETFs are trading over 7% lower in pre-market currently. In case you missed it, US futures hit limit down very early in trading to start the week.

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