European equities open lower to start the day

  • A catch up to the beating suffered by Wall Street on Friday last week
  • Eurostoxx -0.8%
  • Germany DAX -0.7%
  • France CAC 40 -1.0%
  • Spain IBEX -0.9%

For some context, US stocks had a rather poor end to April trading here last week. The dour mood is partly offset by a light bounce in US futures on the day so far. S&P 500 futures are up 0.6%, Nasdaq futures up 0.8%, and Dow futures up 0.6%.

But again, it comes after an extremely poor month for stocks in general. Looking at US indices, the S&P 500 and Dow had their worst months since March 2020 with the Nasdaq also suffering its worst monthly performance since 2008. It's all down to the Fed now.

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