DAX futures down 0.9%, CAC 40 futures down 0.5%.

EUR/USD very steady in early European trade, presently at 1.4392.

Euro zone data due this morning:

08:00 GMT: Euro zone current account

09:00 GMT: Euro zone CPI for July expected -0.6% m/m, +2.5% y/y, core +1.6% y/y

09:00 GMT: Italian current account