European equities open lower to start the day

  • Sluggish tones in the equities space after yesterday's beatdown
  • Eurostoxx -0.6%
  • Germany DAX -0.5%
  • France CAC 40 -0.8%
  • UK FTSE -0.2%
  • Spain IBEX -0.8%

It's going to be tough for the market mood to switch around and I don't think the US non-farm payrolls release is going to make that much of a difference honestly. We all know that labour market conditions are tight and the main focus now is all about inflation. A softer number isn't going to derail the Fed - not this early on in the cycle at least - so there's that to consider.

Elsewhere, US futures are also starting to show some nerves with S&P 500 futures now down 0.3%.

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