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Europe, US Indices Lower as Asia-Pac Sets a Heavy Tone

EQUITIES

Both US and European markets are in the red, with futures uniformly lower after the poor performance in the Asia-Pac region. The Hang Seng and Shanghai Comp both closed lower by over 2%, which has fed through to a heavy feel pre-NY.

  • On the continent, UK and Italian stocks are underperforming, with both the FTSE-100 and the FTSE-MIB lower by over 1% apiece, while losses are stemmed in Spain and France.
  • The e-mini S&P touched a new monthly low in early Asia-Pac at 3777.50 but remains off key support at the February lows of 3656.60.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
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