European indices open decrease to kick begin the day

• Eurostoxx -Zero.three%
• Germany DAX -Zero.three%
• France CAC 40 -Zero.2%
• UK FTSE -Zero.2%
• Spain IBEX -Zero.three%
• Italy FTSE MIB -Zero.2%

European equities are beginning off with slight losses, carrying over the damaging temper from final week. This comes as US futures are additionally decrease however the declines are principally led by tech shares. S&P 500 futures are down Zero.four% with Nasdaq futures down Zero.5%. In the meantime, Dow futures are down simply Zero.1% on the day presently. Will probably be an fascinating session later, with the S&P 500 having ran right into a take a look at of its 100-day transferring common of 5,820 on the finish of final week. Will dip consumers maintain that line at the moment? For some context, we solely broke beneath that key line as soon as in 2024 and that was just for 4 days through the early August panic.

This text was written by Justin Low at www.ubaidahsan.com.



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