European markets are all lower with all industry groups in the red. Construction stocks fall the most after CRH says earning will probably decline 10% this year and expectations of weak housing data from the US this afternoon hit building materials and US-exposed companies.  It’s not helping that BOE policy maker Martin Weale said that the UK faces a real risk of second recession.  

FTSE 100      -1.08%

CAC 40         -1.32%

DAX               -.90%