Seeking Alpha

European, Asian stocks hit by U.S. data

  • European and Asian shares are mostly lower following sharp losses on Wall Street yesterday after poor U.S. manufacturing data put a dent in optimism about the country's economy.
  • The figures further hurt sentiment that was already poor because of disappointing Chinese PMI data and the turmoil in emerging markets.
  • However, U.S. stock futures are enjoying a bit of a rebound.
  • The Nikkei fell 4.2%, the biggest one-day drop since June, although it's worth remembering that the index soared 57% last year.
  • Hong Kong drops 2.9% for the first time this week following market holidays because of the Lunar New Year. China remains closed. India is flat.
  • EU Stoxx 50 -0.3%, London -0.4%, Paris -0.3%, Frankfurt -0.7%, Madrid +0.05%, Milan +0.4%.
  • U.S. stock futures: Dow +0.4%. S&P +0.5%. Nasdaq +0.4%
  • ETFs: DXJ, EWJ, DFJ, DBJP, NKY, EZJ, EWV, SCJ, DXJS, JSC, ITF, JPP, JPNL, JPNS, FJP
Comments (1)
  • Australian CB latest to announce no more QE.Markets adjusting
    4 Feb, 06:35 AM Reply Like
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