Stocks try to fight European losses

Stocks are trying to hold their ground today despite declines in Europe.

S&P 500 futures are down about 0.2 percent, while most indexes across the Atlantic are lower by more than 0.5 percent. The Nasdaq 100 is the biggest laggard in the United States this morning after a bad earnings report from tech giant Oracle. Asian markets were mostly higher overnight, following yesterday’s gains.

Europe is in focus once again as German and French purchasing managers indexes were weaker than expected. The European Central Bank is also threatening to cut off aid for Cypriot banks on Monday if the island nation fails to reach a bank-bailout deal.

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