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Not a great start to European trading- DAX falls below 17,650

The European stock markets have been open for around 15 minutes now and it has not been a great start to the day for the major bourses. The FTSE 100 is giving back ground and the DAX is falling further into the red in early trading. The catalyst for all of this was the slide in the Nikkei and wider falls across the Chinese markets today. The US futures are lower too and the DAX is now falling below 17,650. The risks look skewed further to the downside right now and it remains to be seen if the index can manage to recover. There seems little around right now to engineer that though, 

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