Global equities are in the red, with Japanese shares leading Asia lower after the yen strengthened against the dollar following a bad miss for U.S. employment data yesterday, which has prompted investors to rule out Fed tapering this year.
European shares are suffering as banks fall following news that the ECB will carry out year-long stress tests, while markets are also taking in earnings reports.
Japan -2%, Hong Kong -1.5%, India -0.7%.
EU Stoxx 50 -0.7%, London -0.4%, Paris -0.7%, Frankfurt -0.5%, Milan -1.2%, Madrid -1.6%.
U.S. Stock futures: Dow -0.4%. S&P -0.5%. Nasdaq -0.5%
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