Softer tones in early trades
- German DAX futures -1.3%
- UK FTSE futures -1.3%
- Spanish IBEX futures -1.4%
European indices closed higher yesterday, missing out on the late drop in US stocks so the declines to start the session are more notable - not helped by the more subdued tone in Asian trading as well.
US futures are also seen down by ~0.6% and that is adding to the more defensive risk tones as we look to get the session underway.
