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Mixed Start for Stocks, US Futures Point to Lower Open

EQUITIES
  • European equities are mixed after a lower start, with UK's FTSE-100 lagging, dropping 0.3% as GBP claws back lost ground. The Italian FTSE-MIB is the strongest so far, rising 0.5% to snap a four-day losing streak.
  • Across Europe, communication services and tech names are at the bottom of the pile, reversing last week's stronger performance. Utilities and real estate are the sole sectors in the green.
  • In futures space, the e-mini S&P is modestly lower alongside both DJIA and NASDAQ futures, indicating a small negative open Monday.
  • Focus turns to the beginning of this week's earnings season, with large cap US banks due to report including GS, JPM, BofA and others.

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