Eurostoxx futures -0.5% in early European trading

  • A more defensive mood after the retreat from Wall Street yesterday
Stocks down
  • German DAX futures -0.6%
  • French CAC 40 futures -0.3%
  • UK FTSE futures -0.1%

This comes as US futures are also looking rather sluggish, with S&P 500 futures down 0.3% and Nasdaq futures down 0.4% on the day. The market mood points to a more cautious approach, with investors keeping one eye on Jackson Hole later this week; expecting Fed chair Powell to not pre-commit to a move in September.

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