Sort of a general malaise hanging over the market this morning with Spain’s woes a major cause of concern, Greece still very much in flux and JP Morgan a new source of uncertainty to be dealt with.

Share prices are near their lows in Europe while US futures are lower by about 0.7%.

Protection of 1.2900 barriers is holding the line on the downside at the moment. Sellers still on rallies to the 1.2965 area and above…