European equities marked lower at the open after US credit rating downgrade

<ul><li>Eurostoxx -1.2%</li><li>Germany DAX -1.2%</li><li>France CAC 40 -1.2%</li><li>UK FTSE -0.9%</li><li>Spain IBEX -1.2%</li></ul><p>It is a pretty bad open for European indices and the mood isn't helped by a further drop in US futures in the last hour. S&amp;P 500 futures are now down 28 points, or 0.6%, on the day. This is all in reaction to the earlier news <a href="https://www.forexlive.com/news/fitch-downgrades-usa-long-term-credit-rating-to-aa-from-aaa-20230801/" target="_blank" rel="follow">here</a> and I shared some thoughts about that <a href="https://www.forexlive.com/news/a-more-cautious-mood-after-fitch-cuts-us-credit-rating-20230802/" target="_blank" rel="follow">here</a>.</p>

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