European indices see red at the open as risk stays pressured

  • A rough start as the selling continues in the new week
Stocks Europe Frankfurt
  • Eurostoxx -1.3%
  • Germany DAX -1.2%
  • France CAC 40 -1.5%
  • UK FTSE -1.0%
  • Spain IBEX -1.5%
  • Italy FTSE MIB -1.7%

This week has been a real setback for European indices with the drop since yesterday now wiping out the entire gains in November and then some. Investors remain on edge as we see the risk selloff broaden with cryptocurrencies under pressure as well. Bitcoin is down to test the $90,000 mark with eyes on MSTR while Wall Street is seeing increased scrutiny on Nvidia ahead of its earnings release. S&P 500 futures are down 0.5% with Nasdaq futures down 0.6% on the day currently.

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