It has been a lacklustre session in Europe so far compared to Asia at least. Players seem to be waiting on the US markets now to see how Wall Street reacts. Futures markets have pared earlier gains which is not encouraging given the near 4% drop yesterday. Europe is down led by the Dax (-1.0%). In Asia it was mostly down but well off the intraday low. Sydney closed down just 0.4% after being down 3.2% at one stage. Shanghai bucked the trend closing up 1.0% after being down around 2.0% at one stage.