U.S. stock futures: Dow -0.2%, S&P -0.2%, Nasdaq flat - 12/3/13

World stocks fall on apprehension about Fed tapering

• Global equities are mostly lower, with fears of the taper being cited as the reason following decent U.S. economic data yesterday.
• However, not everyone's buying thesis. "Speculation that the Fed could start trimming its stimulus in December shouldn't stress equities excessively," says UniCredit strategist Christian Stocker. The economy is recovering, which "is a prerequisite for further gains in equities."
• Chinese shares buck the trend and rise 0.7%, helped by a drop in money-market rates, which eases concerns of a cash squeeze. The Nikkei also closes up, apparently boosted by a weaker yen.
• Japan +0.6%, Hong Kong -0.5%, India -0.2%.
• London -0.6%, Paris -1.4%, Frankfurt -0.8%.
• U.S. stock futures: Dow -0.2%, S&P -0.2%, Nasdaq flat.

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