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Financials, Industrials And Materials Dragging Down Europe Stocks

EQUITIES
  • Asian markets closed mostly higher: Japan's NIKKEI closed up 269.66 pts or +1.03% at 26423.47 and the TOPIX ended 9.41 pts higher or +0.5% at 1879.12. China's SHANGHAI closed down 1.402 pts or -0.04% at 3404.025 and the HANG SENG ended 22.72 pts higher or +0.1% at 21853.07.
  • European stocks are lower, with cyclicals faring poorly (defensives such as Utilities are outperforming): the German Dax down 122.32 pts or -0.96% at 12773.38, FTSE 100 down 71.43 pts or -0.99% at 7232.65, CAC 40 down 54.92 pts or -0.92% at 5954.65 and Euro Stoxx 50 down 29.89 pts or -0.87% at 3452.42.
  • U.S. futures are falling ahead of the return from the long holiday weekend, with the Dow Jones mini down 161 pts or -0.52% at 30900, S&P 500 mini down 22 pts or -0.57% at 3805, NASDAQ mini down 85.25 pts or -0.73% at 11526.

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