European indices see purple on the open amid broader market selloff

• Eurostoxx -1.2%
• Germany DAX -1.Zero%
• France CAC 40 -Zero.1%
• UK FTSE -Zero.three%
• Spain IBEX -Zero.four%
• Italy FTSE MIB -Zero.7%

The selloff in Europe is not as unhealthy for the reason that broader market rout in equities is essentially as a consequence of a selloff in tech shares. However nonetheless, it is a risk-off temper normally with bonds being bid alongside the standard suspects within the FX house i.e. greenback, yen, franc. US futures are extending decrease with S&P 500 futures now down 1.7% and Nasdaq futures down 2.eight%. Ache.

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



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