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Defensive Start To The Week, But S&P And Eurostoxx Uptrends Intact

EQUITIES

A combination of weak Chinese economic data and concerns over the situation in Afghanistan have global equity markets on the back foot to start the week. However, the major equity markets remain in an uptrend technically.

  • Asian markets closed mostly lower, with Japan's NIKKEI down 453.96 pts or -1.62% at 27523.19 and the TOPIX down 31.41 pts or -1.61% at 1924.98. China's SHANGHAI closed up 1.046 pts or +0.03% at 3517.345 and the HANG SENG ended 210.16 pts lower or -0.8% at 26181.46.
  • European stocks have slipped, with the German Dax down 64.27 pts or -0.4% at 15925.74, FTSE 100 down 62.61 pts or -0.87% at 7176.09, CAC 40 down 52.8 pts or -0.77% at 6855.74 and Euro Stoxx 50 down 22.39 pts or -0.53% at 4207.87.
  • U.S. futures are a little weaker, with the Dow Jones mini down 60 pts or -0.17% at 35360, S&P 500 mini down 7.5 pts or -0.17% at 4455, NASDAQ mini down 16.25 pts or -0.11% at 15109.5.

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