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Weakening After A Strong Start

EQUITIES

A weak start to equities in European trading, following a fairly strong start. No particular catalyst seen, but market participants clearly awaiting further clarification on the US fiscal stimulus outlook.

  • Asian equities closed mixed, with Japan's NIKKEI up 72.42 pts or +0.31% at 23639.46 and the TOPIX up 11.86 pts or +0.73% at 1637.6. China's SHANGHAI closed down 3.078 pts or -0.09% at 3325.025 and the HANG SENG ended 184.88 pts higher or +0.75% at 24754.42.
  • European stocks are sharply lower, with the German Dax down 163.74 pts or -1.29% at 12567.02, FTSE 100 down 85.87 pts or -1.46% at 5802.33, CAC 40 down 62.46 pts or -1.27% at 4865.01 and Euro Stoxx 50 down 42.66 pts or -1.32% at 3184.66.
  • U.S. futures are weaker, with the Dow Jones mini down 64 pts or -0.23% at 28118, S&P 500 mini down 7.75 pts or -0.23% at 3424.5, NASDAQ mini down 51.75 pts or -0.44% at 11609.
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
MNI London Bureau | +44 203-865-3807 | tim.cooper@marketnews.com
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