The softer tones are still sticking around
- Eurostoxx -0.9%
- Germany DAX -0.9%
- France CAC 40 -1.0%
- UK FTSE -1.0%
- Spain IBEX -0.6%
Again, context is important as the bleeding in European equities yesterday was more measured - 4% declines mostly - relative to the rout in US indices where the S&P 500 fell by nearly 6% and the Dow by nearly 7% on the day.
That said, US futures are looking less perky now amid the slight retracement to the moves yesterday with gains being halved on the session:
S&P 500 futures are now up by about 0.6% after having seen gains of around 1.3% earlier.
I reckon if US stocks at any point touch negative territory today, it could easily turn into yet another rout going into the weekend.
