The Week Begins: US Futures Are Sliding, Italian Market Getting Clobbered

mountain lion

Photo: Harlequeen via Flickr

A decidedly “risk off” start to the week.Europe is red across the board, with Germany down 1.2%, France off 1.25%, and Italy down 2%.

Shares of Italian bank UniCredit are down 3%.

US futures are solidly in the red, as well, with losses on the order of 0.5%, or at least in that ballpark.

In terms of news, things are still pretty quiet. There was a bad Italian business confidence report but mostly not much is going on in the headline-world.

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.