World stocks pull back

|By:, SA News Editor

Global equities are lower following a recent run of gains, with the mood dampened by disappointing earnings reports and other corporate news.

In Europe, Italian shares are leading the way lower, with the FTSE MIB falling 1% following renewed political instability after a bit of a calm for all of about ten minutes. In the latest drama, Prime Minister Enrico Letta is trying to reject pressure to resign in favor of Matteo Renzi, the leader of their center-left Democratic Party.

Japan -1.8% , Hong Kong -0.5%, China -0.55%, India -1.3%.

Euro Stoxx 50 -0.5%, London -0.5%, Paris -0.3%, Frankfurt -0.1%, Madrid -1.1%.

U.S. stock futures: Dow -0.4%. S&P -0.4%. Nasdaq -0.4%