MNI BRIEF: Goolsbee Suggests Preference For Gradual Fed Cuts

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MNI China Daily Summary: Friday, August 16

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RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

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Futures Touch Fresh Post-2020 Lows Amid Global Rout

EQUITIES
  • Japan's NIKKEI closed down 836.85 pts or -3.01% at 26987.44 and the TOPIX ended 42.03 pts lower or -2.16% at 1901.06. China's SHANGHAI closed down 29.283 pts or -0.89% at 3255.551 and the HANG SENG ended 738.6 pts lower or -3.39% at 21067.58.
  • European futures are off sharply, with the German Dax down 297.86 pts or -2.16% at 13761.83, FTSE 100 down 133.61 pts or -1.83% at 7317.52, CAC 40 down 151.85 pts or -2.45% at 6187.23 and Euro Stoxx 50 down 86.02 pts or -2.39% at 3599.2.
  • U.S. futures are sinking, with tech leading the way lower: Dow Jones mini down 599 pts or -1.91% at 30789, S&P 500 mini down 93.75 pts or -2.4% at 3805.25, NASDAQ mini down 346.25 pts or -2.92% at 11493.75.
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