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European Stocks Sharply Lower

EQUITIES

The risk-on atmosphere stemming from COVID 2nd wave concerns and fading hopes of US fiscal stimulus has continued overnight, with European stocks dropping sharply on weak earnings results (also Brexit concerns amid EU summit Thu-Fri). In US earnings, Morgan Stanley headlines the docket at 0730ET/1230BST.

  • Asian stocks closed mixed, with Japan's NIKKEI down 119.5 pts or -0.51% at 23507.23 and the TOPIX down 12.11 pts or -0.74% at 1631.79. China's SHANGHAI closed down 8.595 pts or -0.26% at 3332.183 and the HANG SENG ended 508.55 pts lower or -2.06% at 24158.54.
  • European bourses are down sharply, with the German Dax down 392.09 pts or -3.01% at 12630.33, FTSE 100 down 141.2 pts or -2.38% at 5793.77, CAC 40 down 121.39 pts or -2.46% at 4819.84 and Euro Stoxx 50 down 86.3 pts or -2.64% at 3185.68.
  • U.S. futures are lower too, with the Dow Jones mini down 260 pts or -0.92% at 28149, S&P 500 mini down 36 pts or -1.03% at 3444, NASDAQ mini down 207.5 pts or -1.73% at 11762.75.
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