European shares slip in early trade after US bank bailout package

European shares were down in early action on Monday, while US stock futures were signaling higher after a turbulent weekend that saw the collapse of another major bank and the announcement of a new rescue package. stoxx europe 600 sxxp,
-1.73%
Fell 0.9%, with every sector declining including the banking sector. Credit Suisse CSGN shares,
-8.09%,
troubling most of the major lenders, fell 4%, while HSBC Holdings HSBA,
-2.82%
SVB slumped 1% after agreeing to buy the UK branch for just £1. Futures on the Dow Jones Industrial Average YM00,
+0.19%
Raised 178 points.