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Hit On Trump COVID News, But Off Lows

EQUITIES

US Pres Trump's positive COVID test news in the overnight session hit risk assets, with equities sharply lower. That said, we're off the session lows, with some positive rumblings on the UK-EU free trade front helping support risk appetite in early European trade.

  • Japanese markets closed lower, with the NIKKEI down 155.22 pts or -0.67% at 23029.9 and the TOPIX down 16.27 pts or -1% at 1609.22. Chinese stocks are closed for holidays.
  • European equities are weaker, with the German Dax down 77.24 pts or -0.61% at 12651.26, FTSE 100 down 34.23 pts or -0.58% at 5844.83, CAC 40 down 19.13 pts or -0.4% at 4804.09 and Euro Stoxx 50 down 14.22 pts or -0.45% at 3179.37.
  • U.S. futures are offered, with the Dow Jones mini down 276 pts or -1% at 27410, S&P 500 mini down 34.75 pts or -1.03% at 3333, NASDAQ mini down 181 pts or -1.56% at 11393.

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