European equities heavily lower at the open today

  • French stocks are at their lowest since November last year
  • Eurostoxx -2.8%
  • Germany DAX -2.2%
  • France CAC 40 -2.0%
  • UK FTSE -1.9%
  • Spain IBEX -2.5%
  • Italy FTSE MIB -4.1%

It's a rough one out there with banking stocks also feeling the pinch across the region. That comes as yields are tumbling amid a flight to safety in broader markets. Looking to US futures, S&P 500 futures are down 2.8% while Nasdaq futures are down 5.0% currently.

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