Eurostoxx futures -1.2% in early European trading

  • A more defensive mood ahead of the open later
  • German DAX futures -1.2%
  • French CAC 40 futures -1.0%
  • UK FTSE futures -0.8%

This carries over the selling from Wall Street yesterday. US futures are also down again today, with S&P 500 futures lower by 0.5% and Nasdaq futures down 0.6% currently. We're not seeing much spillovers yet into FX but if the action picks up in bonds again as well, expect that to reverberate to major currencies in the session(s) ahead.

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