European equities sink lower at the open today

  • A more than 1% drop across the board
  • Eurostoxx -1.3%
  • Germany DAX -1.2%
  • France CAC 40 -1.4%
  • UK FTSE -1.4%
  • Spain IBEX -1.1%
  • Italy FTSE MIB -0.9%

It's a rough one as the overall risk mood remains on the defensive following the losses this week. S&P 500 futures are down 0.5% on the day with bond yields keeping a little higher to start the session. The hotter-than-expected UK inflation data here is a factor at play, helping to see the pound also reverse higher against the dollar.

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