Back
17 Apr 2015
European stocks, US index futures drop
FXStreet (Mumbai) - European shares extended the drop, while the major index futures in the US point to a weak opening as investors/traders hit sell trades tracking the weakness in the Chinese futures and outage on Bloomberg financial terminals.
The German Dax is now down 1.93%, while the Ftse is down 1.17% after having erased gains. Meanwhile, in the US, the S&P 500 futures are down 0.92% ahead of the monthly inflation report.
Chinese futures markets fuelled the drop in Europe. Sentiment soured on talks of further regulatory changes on trading in China, which could restrict margin trading. Some experts also cited concern over Greece's standoff with international lenders.
The attention now shifts to the data in the US, which is expected to show CPI in March remained unchanged at 0.00% year-on-year and 0.2% year-on-year.
The German Dax is now down 1.93%, while the Ftse is down 1.17% after having erased gains. Meanwhile, in the US, the S&P 500 futures are down 0.92% ahead of the monthly inflation report.
Chinese futures markets fuelled the drop in Europe. Sentiment soured on talks of further regulatory changes on trading in China, which could restrict margin trading. Some experts also cited concern over Greece's standoff with international lenders.
The attention now shifts to the data in the US, which is expected to show CPI in March remained unchanged at 0.00% year-on-year and 0.2% year-on-year.