European Markets And US Futures Are Down A Hair

European equities are down a smidgen this morning, hovering not far below their Friday closes.

France's CAC 40 is down 0.25%

Spain's IBEX is the only riser, up 0.08%

Italy's FTSE MIB is down 0.71%

Britain's FTSE 100 is down 0.05%

Germany's DAX is down 0.16%

It's a national holiday in Japan, so the Nikkei is closed today, having risen 4.83% on Friday. The Hang Seng dropped 0.34% in Hong Kong.

US futures are also pretty flat this morning. The Dow is down 16 points and the S&P is down 1.25 points.

We've already seen eurozone manufacturing PMI figures come in this morning, roughly in line with expectations: the index's overall level rose marginally to 50.6, from 50.3. Any figure over 50 indicates an expansion.

Spain's PMI figure held at 52.6, Germany's rose back out of recession territory, up to 51.4, France's manufacturers hinted at a sixth month of shrinkage with a score of 48.5, and Italy's fell back into negative territory with a reading of 49.

From the US, at 9:45 a.m. ET Markit's manufacturing PMI figure is out, followed by ISM's manufacturing index at 10 a.m. ET. Construction spending figures are out at 10 a.m. ET too, with analysts expecting 0.7% boost between August and September.