- Eurostoxx -1.1%
- Germany DAX -1.0%
- France CAC 40 -1.3%
- UK FTSE -1.2%
- Spain IBEX -1.6%
The downside momentum continues on the week, with US futures also sitting lower today. S&P 500 futures are at the lows, down by 14 points or 0.3% currently. Just keep an eye out on the BOE decision later, as the risks are skewed towards a potential surprise 50 bps rate hike. If that happens, it’s going to pile on the pressure on equities.