December S&P 500 E-Mini futures (ESZ26) are down -0.04%, and December Nasdaq 100 E-Mini futures (NQZ26) are down -0.15% this morning as investors showed little appetite for risk at the start of a new week, with Europe’s political turmoil and fiscal strains firmly in focus.
France’s CAC 40 tumbled on Monday as investors grew increasingly concerned about the country’s debt burden and political gridlock ahead of next year’s presidential election. Adding to political uncertainty in the region, Spanish Prime Minister Pedro Sanchez called a snap election amid growing social unrest over housing.