Free Trial

Tech Sector Leads Europe, US Futures Lower

EQUITIES
  • Stocks across Europe are retracing, with the EuroStoxx50 off around 1.5% at pixel time, matched by the downtick in French, and German indices. The UK's FTSE-100 is also lower, but the dip is far less pronounced thanks to strength in the likes of BP and Royal Dutch Shell.
  • In US futures space, the NASDAQ is leading the decline, indicating a lower open to the tune of 1.5%. The e-mini S&P is also lower and has dipped below 4400. Nonetheless the index remains well above last week's lows of 4293.75.
  • Tech weakness is also evident across Europe, with the sector comfortably the poorest performer on the continent. Losses are lead by semi-conductor names and chipmakers, indicating a tough session for the US equivalents later today.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.