Eurostoxx futures -0.7% in early European trading

  • Softer tones in early trades
  • German DAX futures -0.7%
  • UK FTSE futures -0.5%
  • Spanish IBEX futures -0.5%

Some of the declines is in part a catch up to the late drop in US stocks on Friday but the overall risk mood is also looking more pensive to start the new week. S&P 500 futures are down 0.1% on the day currently. Given that it is Fed week, it will be hard to really read much into any moves until we get past the main event on Wednesday.

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