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S&P Futs Below 3,800 Again As Global Stocks Struggle

EQUITIES
  • Asian markets closed weaker: Japan's NIKKEI closed down 411.56 pts or -1.54% at 26393.04 and the TOPIX ended 22.75 pts lower or -1.2% at 1870.82. China's SHANGHAI closed up 37.098 pts or +1.1% at 3398.616 and the HANG SENG ended 137.1 pts lower or -0.62% at 21859.79.
  • European equities are down sharply in a broad risk-off move (cyclicals leading the way lower, with tech and consumer discretionary stocks underperforming): the German Dax down 254.93 pts or -1.96% at 12723.14, FTSE 100 down 122.84 pts or -1.68% at 7174.75, CAC 40 down 121.27 pts or -2.01% at 5885.88 and Euro Stoxx 50 down 65.39 pts or -1.86% at 3442.74.
  • U.S. futures are also pointing lower, with the Dow Jones mini down 260 pts or -0.84% at 30739, S&P 500 mini down 42 pts or -1.1% at 3779.25, NASDAQ mini down 163 pts or -1.39% at 11528.

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