• German DAX futures -0.5%
  • UK FTSE futures -0.4%

The opening drop is set to reflect some catch up play to the plunge in US stocks overnight, coming after the European market close. The changes belie the calmer mood in the market so far today, with US futures seen up around 0.2%. Meanwhile, 10-year Treasury yields are up 1.5 bps to 1.724% currently.