An ugly start to the day for European equities

<ul><li>Eurostoxx -1.1%</li><li>Germany DAX -1.3%</li><li>France CAC 40 -1.1%</li><li>UK FTSE -0.6%</li><li>Spain IBEX -0.7%</li><li>Italy FTSE MIB -0.8%</li></ul><p>It's looking rough out there as the drop today looks to wipe out the weekly gains for European indices. US futures are also falling further now with S&amp;P 500 futures now down 0.8% on the day, though owing more to a drag in tech shares.</p>

This article was written by Justin Low at www.forexlive.com.