European Markets

Opening calls are indicating a lower open this morning.

Asian Markets

Stocks are trading lower in Asia.

US Markets

Investors ran for the hills Wednesday, shaken to the core by fears that Italy, Europe’ fourth-largest economy, was headed deeper into crisis mode.

U.S. stocks sold off sharply right from the open after Italy’ 10-year bond yield spiked above 7% — its highest since the euro was launched in 1999.

Events Today

 

In London we get a decision from the Bank of England on rates at 12:00 GMT.

Rates are expected to remain on hold as the central bank assesses the impact of its recent decision to expand its quantitative easing program.

There is a raft of earnings this morning with the likes of Deutsche Telekom and Siemens hitting the tape in Frankfurt.

Overnight in the US Cisco beat the street, sending shares up 4 percent in after hours trade.