Stocks are down to kick start the session
- Eurostoxx -1.4%
- Germany DAX -1.9%
- France CAC 40 -1.5%
- UK FTSE -1.3%
- Spain IBEX -1.6%
As mentioned earlier, the softer tones here largely reflects the lack of urgency by European leaders to firmly get things done while the Gilead drug setback also played a part in tempering with the risk mood since US trading yesterday.
US futures are still looking more tepid, down by around 0.1% currently and that is leaving for a bit of a sluggish start to the session for risk.
However, the euro continues to stay pressured with EUR/USD falling to 1.0738 and is sitting just above that now as the single currency fails to find any encouragement from the disappointing meeting between European leaders yesterday.
