> European equities marked lower at the open after US credit rating downgrade

European equities marked lower at the open after US credit rating downgrade

Investors are jittery about the news and the uncertainty it brings

Wednesday, 02/08/2023 | 07:04 GMT

Eurostoxx -1.2%
Germany DAX -1.2%
France CAC 40 -1.2%
UK FTSE -0.9%
Spain IBEX -1.2%

It is a pretty bad open for European indices and the mood isn't helped by a further drop in US futures in the last hour. S&P 500 futures are now down 28 points, or 0.6%, on the day. This is all in reaction to the earlier news here and I shared some thoughts about that here.