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Modest Retracement

EQUITIES
  • Asian markets closed mostly higher (though the Hang Seng gave back a modest portion of recent outsized gains): Japan's NIKKEI closed up 174.54 pts or +0.65% at 26827.43 and the TOPIX ended 10.26 pts higher or +0.54% at 1909.27. China's SHANGHAI closed up 36.029 pts or +1.12% at 3251.073 and the HANG SENG ended 88.83 pts lower or -0.41% at 21412.4
  • European equities are a little weaker, with the German Dax down 77.88 pts or -0.54% at 14399.02, FTSE 100 down 9.5 pts or -0.13% at 7385.34, CAC 40 down 31.9 pts or -0.48% at 6612.52 and Euro Stoxx 50 down 11.5 pts or -0.3% at 3889.93.
  • U.S. futures are pointing lower as well, with the Dow Jones mini down 171 pts or -0.5% at 34290, S&P 500 mini down 26.25 pts or -0.6% at 4384, NASDAQ mini down 91.75 pts or -0.65% at 14020.

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