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Defensives Outperform In Holiday-Thinned European Trade

EQUITIES
  • Japan's NIKKEI closed up 324.8 pts or +1.14% at 28871.78 and the TOPIX ended 11.78 pts higher or +0.6% at 1984.96. China's SHANGHAI closed down 0.801 pts or -0.02% at 3276.087 and the HANG SENG ended 134.76 pts lower or -0.67% at 20040.86.
  • European equities are near session lows, though with holidays throughout Europe today, trading is unusually thin: defensives are leading (utilities, healthcare, consumer staples) with the German Dax up 18.39 pts or +0.13% at 13810.49, FTSE 100 up 14.41 pts or +0.19% at 7514.56, CAC 40 up 19.81 pts or +0.3% at 6570.59 and Euro Stoxx 50 up 8.75 pts or +0.23% at 3784.95.
  • U.S. futures are a little softer, with the Dow Jones mini down 116 pts or -0.34% at 33602, S&P 500 mini down 17.25 pts or -0.4% at 4263.75, NASDAQ mini down 53.75 pts or -0.4% at 13524.

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