European indices off to a rough start to the day

  • The selloff in equities spills over to Europe
Stocks down
  • Eurostoxx -1.4%
  • Germany DAX -1.5%
  • France CAC 40 -1.4%
  • UK FTSE -0.8%
  • Spain IBEX -1.6%
  • Italy FTSE MIB -1.2%

Major indices in the region are down over 1% at the open to start with. Ouch. The negative mood comes as US futures are also bleeding badly with S&P 500 futures down 1.1% with tech shares leading losses as Nasdaq futures are down 1.4%. That's putting a more risk averse mood to broader markets with the Japanese yen holding firmer as the aussie and kiwi sag in the major currencies space.

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