- Most major stock indices are in the red following bearish comments from Carl Icahn yesterday, with investors in Europe and Asia apparently using the opportunity to take profits following recent rallies.
- In an echo of Icahn's sentiments, Baader Bank's Gerhard Schwarz said pan-European "markets are no longer cheap and we need to see some earnings improvement to warrant higher equity prices."
- Japan -0.3%, Hong Kong flat, China -0.2%, India +0.2%.
- EU Stoxx 50 -1%, London -0.6%, Paris -1.1%, Frankfurt -0.4%, Milan -0.8%, Madrid -1.1%.
- U.S. stock futures: Dow -0.1%. S&P -0.2%. Nasdaq -0.2%