Technical Analysis

European equities open lower to start the day

  • Eurostoxx -0.3%
  • Germany DAX -0.2%
  • France CAC 40 -0.4%
  • UK FTSE +0.3%
  • Spain IBEX -0.4%

European indices are pinned down a little after the late slump in Wall Street yesterday. The mood is slightly balanced out by a slight advance in US futures, with S&P 500 futures seen up 11 points, or 0.3%, on the day so far. Overall market sentiment is more mixed though, with Treasury yields holding higher – 10-year yields are up 4.4 bps to 4.059%. All eyes are on the ECB for the next clues now.

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