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Defensives Lag, Energy Leads As Europe Posts Modest Gains

EQUITIES
  • Asian markets closed weaker: Japan's NIKKEI closed down 280.63 pts or -0.96% at 28942.14 and the TOPIX ended 16.49 pts lower or -0.82% at 1990.5. China's SHANGHAI closed down 14.982 pts or -0.46% at 3277.544 and the HANG SENG ended 158.54 pts lower or -0.8% at 19763.91.
  • European stocks are mostly higher, with energy names and industrials pulling indices higher and defensives (consumer staples, utilities) lagging: German Dax up 63.94 pts or +0.47% at 13847.56, FTSE 100 down 8.73 pts or -0.12% at 7521.73, CAC 40 up 9.81 pts or +0.15% at 6573.53 and Euro Stoxx 50 up 6.24 pts or +0.17% at 3795.33.
  • U.S. futures are off just slightly, with the Dow Jones mini down 5 pts or -0.01% at 33957, S&P 500 mini down 0.75 pts or -0.02% at 4276, NASDAQ mini down 7.25 pts or -0.05% at 13486.25.

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