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Monday, December 16, 2013

U.S. stock futures: Dow +0.15%. S&P +0.3%. Nasdaq +0.3% - 12/16/13

Asian shares fall, Europe rises following PMIs
  • Asian shares drop following disappointing Chinese manufacturing PMI data that indicates that the economy is slowing.
  • However, European equities rise after eurozone PMI figures suggest that GDP is still managing to eke out growth, while U.S. stock futures are higher as well.
  • Markets are also awaiting a FOMC meeting this week, when the Fed could decide to start tapering, or maybe not.
  • Japan -1.6% in the wake of a mixed Tankan survey and amid a rising yen. Hong Kong -0.6%, China -1.6% and India -0.3%.
  • EU Stoxx 50 +1.1%, London +0.3%, Paris +0.7%, Frankfurt +0.6%, Milan +1.3%, Madrid +1.45%.
  • U.S. stock futures: Dow +0.15%. S&P +0.3%. Nasdaq +0.3%
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