European equities softer at the open

  • Sluggish tones to kick start the day
  • Stoxx 600 -0.8%
  • Germany DAX -0.7%
  • France CAC 40 -0.9%
  • UK FTSE -0.2%
  • Spain IBEX -0.5%

The prospects of higher inflation is still largely weighing on sentiment in Europe, in turn leading to the outlook that the region is headed for a pronounced economic slowdown in the months ahead. The lack of resolution in the Russia-Ukraine conflict also doesn't help in that regard.

But just be wary that overall risk sentiment is more mixed on the day, with US futures holding slightly higher. S&P 500 futures are up 0.3%, Nasdaq futures up 0.5%, and Dow futures up 0.3% currently.

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