Good morning! Markets in Europe and futures in the US are slightly in the red, continuing the losses from last week.
The big loser of the day is Japan — which had its first official trading day of 2014 — only to see the Nikkei fall 2.3%.
Service PMI reports from various European countries have been coming out and it’s a mixed bag. The big winner is Spain, where the composite data has 77-month high.
Meanwhile, traders are beating up on Turkey again, as the Lira has hit a new low against the dollar.