European stocks slip in early trade after U.S. bank bailout package

European stocks declined in early action on Monday, while U.S. stock futures were pointing higher after a turbulent weekend which saw another major bank collapse and a new rescue package get announced. The Stoxx Europe 600
SXXP,
-2.03%
fell 0.9%, with every sector, including the banking sector, dropping. Shares of Credit Suisse
CSGN,
-9.05%,
the most troubled of the major lenders, fell 4%, while HSBC Holdings
HSBA,
-2.90%
slipped 1% after agreeing to buy the UK arm of SVB for just £1. Futures on the Dow Jones Industrial Average
YM00,
-0.25%
rose 178 points.