European indices hold lower at the open as risk stays on the defensive ...0

Eurostoxx -0.8%Germany DAX -0.6%France CAC 40 -0.9%UK FTSE -0.7%Spain IBEX -1.5%Italy FTSE MIB -1.8%

European equities are poised for their worst weekly showing since the market rout from late July to early August last year. US futures are also keeping lower for now, with S&P 500 futures down 0.5%. As markets continue to focus on recession risks mostly, the US jobs report later will be a litmus test for that. Any bad numbers will only exacerbate concerns of a US recession and keep fears heightened ahead of the weekend.

This article was written by Justin Low at www.forexlive.com.

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