15 Jan 2016
Stoxx 50 futures drop 1.5%, Shanghai down 3.5%
FXStreet (Mumbai) - The risk aversion seen in Asia appears to have hit the European shores. The major European equity indices are pointing to a weak opening ahead.
The pan-European Euro Stoxx 50 futures are down 1.5%. Germany’s DAX and France’s CAC futures are down 1.3% each. Meanwhile, UK’s FTSE futures are trading 1% each.
The Chinese equity markets tumbled again with the benchmark index Shanghai Composite closing at its lowest since December; down 3.5%.
It remains to be seen if the European investors follow their Asian counterparts or take indices higher, tracking the rise in the US equities higher yesterday.
The pan-European Euro Stoxx 50 futures are down 1.5%. Germany’s DAX and France’s CAC futures are down 1.3% each. Meanwhile, UK’s FTSE futures are trading 1% each.
The Chinese equity markets tumbled again with the benchmark index Shanghai Composite closing at its lowest since December; down 3.5%.
It remains to be seen if the European investors follow their Asian counterparts or take indices higher, tracking the rise in the US equities higher yesterday.