Softer tones in early trades

  • German DAX futures -0.9%
  • UK FTSE futures -0.9%
  • Spanish IBEX futures -0.8%

This comes as US equities slumped into the close yesterday, with the S&P 500 and Dow closing down by a little over 1%. The softer tone in US futures today also isn't helping, with S&P 500 futures marked down by 0.2% currently.

In Asia, the Nikkei closes down by 1.1% at 27,281 with the lows today briefly clipping under 27,272 - its lowest since January this year. Meanwhile, the Hang Seng is down 1.5% and Shanghai Composite down 0.2% as risk stays on the retreat.