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Stock Markets Drift, But Losses Muted Ahead of NY

EQUITIES
  • Continental equities are generally slightly lower in cash space, with the UK's FTSE-100 leading losses having dropped 0.5%. Spain's IBEX-35, meanwhile, outperforms slightly, holding 0.1% above water at pixel time.
  • Europe's financials sector is leading the decline in the Stoxx600, with materials and energy names similarly weak. Gains in healthcare and real estate names have slowed the decline somewhat.
  • This has left US futures in consolidation mode, with the e-mini S&P holding just below the alltime highs printed back in May at 4238.25.
  • VIX futures continue to trade heavy, sitting just above yesterday's contract low of 17.50.

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