European equities much softer at the open today

The softer risk tones continue to prevail
– Eurostoxx -1.9%
– Germany DAX -2.5%
– France CAC 40 -2.1%
– UK FTSE -2.3%
– Spain IBEX -2.8%
Those are decent-sized losses but comes on the back of a super-sized rally over the past two to three weeks in the equities space. US futures are also holding lower by about 1.4% to