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European stock indices are experiencing a downturn at the start of August trading:
Eurostoxx futures are down 1.0%
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German DAX futures are down 0.8%
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French CAC 40 futures are down 0.8%
UK FTSE futures are down 0.4%
After a late rally in July, European indices are facing another decline. The French CAC 40 index is particularly affected, potentially approaching its lowest levels since November last year. The negative sentiment is mirrored in U.S. markets, with S&P 500 futures down 0.8% and Nasdaq futures down 1.4%.
The overall mood remains pessimistic as concerns about economic data, recession fears, and the impact of corporate earnings reports weigh on investor sentiment.
