European markets sold off early  profit taking after yesterday’s gains. Markets are now just fractionally lower as investors wait for the ECB rate decision. France’s unemployment rate had been expected to rise to 10% but came in at 9.7% vs a prior 9.9%. We are seeing strength in the Autos and Tech sectors against weakness in the Food and Telco stocks.

FTSE 100               -.16%

CAC                        +.00%

DAX                       -.25%