A shaky start for US markets, with a.......>

EQUITIES: A shaky start for US markets, with a more stable European morning

giving way to equity sales in early NY hours. Cash markets are in the red, but

futures remain close to the better levels of the day. Near-term target at

3096.75 as the overnight high, but there's still a way to go before Friday's

highs are in contention.

- Despite weaker markets overall, the sector breakdown is mixed, with healthcare

the poorest performing alongside real estate. Defensive utilities names are at

the top of the board in early trade.

- Some retail brands are faring well, with Gap, L Brands and Chipotle up

strongly, whereas travel remains heavy - Norwegian Cruiselines and American

Airlines are at the bottom end of the S&P pile.

- VIX has been supported from the off, index holding at the Friday highs, but

still shy of last week's best levels.