But it could've been much worse
Tech is leading the way lower in Europe but to be fair, the declines seen to begin the day are relatively modest. This comes as sentiment in US equities is holding up decently with E-minis up by 0.2% on the day.
But also as Chinese equities paring losses into the close. The Shanghai Composite index ends the day flat near the highs while the CSI 300 index actually closed the day higher by 0.2%, erasing all of their earlier gains.
I don't expect to see European equities get pummeled as badly as US stocks in the session ahead - partially also because it has been a torrid year for European stocks - but they're not likely to see much of a recovery either as sentiment remains tepid and fragile.
