European equities sink lower at the open today

<ul><li>Eurostoxx -1.3%</li><li>Germany DAX -1.2%</li><li>France CAC 40 -1.4%</li><li>UK FTSE -1.4%</li><li>Spain IBEX -1.1%</li><li>Italy FTSE MIB -0.9%</li></ul><p>It's a rough one as the overall risk mood remains on the defensive following the losses this week. S&amp;P 500 futures are down 0.5% on the day with bond yields keeping a little higher to start the session. The hotter-than-expected UK inflation data <a href="https://www.forexlive.com/news/uk-december-cpi-40-vs-38-yy-expected-20240117/" target="_blank" rel="follow">here</a> is a factor at play, helping to see the pound also reverse higher against the dollar.</p>

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