European investors shrug off the negative tones in early trades
Asian equities have basically left their European counterparts to their own devices today and investors in Europe are pretty much ignoring the sentiment from the east. Chinese stocks end the day near the lows with the Shanghai Composite down 2.2% but that's not the tone seen so far in futures trading here.
The sentiment is a bit of an odd one as well with E-minis holding near the lows at 0.3% lower. That's making for some mixed tones in markets for the session ahead. But European equities (bank stocks in particular) can also take some comfort from Italy as bond yields fall (10-year yields lower by 9 bps) to start the session following S&P's decision to leave Italy's credit rating unchanged, although lowering the outlook to 'negative':
