European stocks are looking rather mixed at the open today, with slight gains across most major indices while Spanish stocks continue to struggle on the week. The broader mood remains cautious, especially with US futures also pointing to a softer start later for Wall Street. Here are the opening changes:Eurostoxx -0.1%Germany DAX +0.3%France CAC 40 +0.7%UK FTSE 100 +0.4%Spain IBEX -1.0%Italy FTSE MIB -0.4%Spain continues to be the standout here, with the IBEX falling another 1.0% after yesterday's 1.5% decline saw the index hit a three-month low.Spanish banking stocks have been a major drag lately, with Santander tumbling 5.6% yesterday despite reporting a 19% rise in profits. The spillover impact from the Brazil election shock is still very much reverberating, with Lula's victory triggering fears of aggressive public spending and fiscal deterioration in Brazil. That has led to a selloff in a couple of major Spanish multinationals, amid their exposure to Brazil - including Santander, Telefónica, and Mapfre.As for the broader market, investors will have the ECB policy decision to navigate later today. However, there is also a more worrying signal coming from Wall Street. S&P 500 futures are down 0.4% while Nasdaq futures are slumping 1.2% after Alphabet's earnings revived concerns over the massive spending commitments tied to AI development.The sharp post-earnings drop in Alphabet shares is putting tech stocks back on edge, even as Microsoft's results offered a more encouraging picture. And with Amazon earnings still to come, investors aren't exactly getting much breathing room as we look to the latter stages this week.For now, European stocks are holding up relatively better than their US counterparts but it is still very much early in the day. All of that could still change as the session progresses, especially if the tech selloff intensifies and dampens the broader market mood. This article was written by Justin Low at investinglive.com.