European markets lower ahead of Spanish bank stress test results (Barcelona) - European equity markets are edging lower today despite yesterday's risk rally on the Spanish budget announcement. However, there are risks of faltering sentiment as the Spanish banks stress test results are released today at 16:00 GMT and Moody's credit rating agency might downgrade Spain tonight or next week.

The German DAX 30 drops -0.08% with August retail sales below expected. The French CAC 40 sheds -0.47% with disappointing producer prices and the annualized Q2 GDP at +0.3%. The Italian FTSE MIB is down by -0.49% and the rel72-3e40b7bfa49e">flash CPI denied consensus as it didn't softened in September. The Greek ATHEX falls -0.50% even after the rising producer prices data. The Spanish IBEX 35 drops -1.15% ahead of the Spanish banks stress test results. The Eurozone CPI rose to +2.7% in September (YoY).

Futures for the American S&P 500, Nasdaq 100 and Dow Jones 30 are signaling a lower open by -0.20% ahead of the Chicago PMI, consumption expenditures and Reuters/Michigan consumer sentiment. WTI crude oil rises to 92.12 (+0.32%) and Gold is up to 1780 (+0.18%).