Eurostoxx futures -0.8% in early European trading

  • A more dour mood after Fitch downgrades US credit rating
  • German DAX futures -0.9%
  • UK FTSE -0.5%

This carries over the negative tones from Asia with the Nikkei and Hang Seng both being down by over 2%. US futures aren't faring that well either with S&P 500 futures down 0.5% and Nasdaq futures down 0.7%, adding to the opening day loss yesterday for the month of August.

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