Markets Are Down

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Photo: Daniel Goodman / Business Insider

Markets aren’t doing much early in the European trading session. For the most part, they’re down.England’s FTSE 100 is down 0.1 per cent.

France’s CAC 40 is down 0.2 per cent.

Germany’s DAX is down 0.1 per cent.

Spain’s IBEX is up 0.2 per cent.

Italy’s FTSE MIB is flat.

A surprisingly weak UK services PMI number suggests the UK economy may have slipped into recession in Q4 of last year.

All attention will be focused on today’s U.S. December jobs report, which will get released at 8:30 AM ET.

Yesterday, we learned that several members of the Federal Open Market Committee supported ending QE3 sometime this year, which is much earlier than some would’ve expected.  This surprise hawkish tone has some experts thinking that good economic data would trigger volatility in the markets.

For now, U.S. futures are down.

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