European equities open lower to kick start the day

  • Stocks on the defensive for now
  • Eurostoxx -0.5%
  • Germany DAX -0.3%
  • France CAC 40 -0.3%
  • UK FTSE -0.4%
  • Spain IBEX -0.2%
  • Italy FTSE MIB flat

As mentioned earlier, the drag on ASML after the earnings report is not really helping with the mood for European stocks this morning. But add in a drop in US futures and it is setting up for more of a subdued session for risk at the moment. S&P 500 futures are down 0.3% as Treasury yields continue to hold at the highs after yesterday's rise.

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