Watch Out: Europe Is Diving Across The Board, US Futures Lower

As we noted earlier, yields on Italian debt continue to blow out, which is obviously a pretty ominous sign for the success fo the contagion-stemming measures announced last week.

And therefore it’s not surprising that markets are selling off across the continent.

  • Italy -1.1%
  • France -1.4%
  • Germany -0.82%

It’s the second day of selling since the talks concludes late last Wednesday. On the other hand, markets have actually been rebounding for a couple of weeks — pre-summit — so you should still put the selloff in perspective.

US futures are falling solidly as well.

chart

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