U.S. stock futures: Dow flat. S&P +0.2%. Nasdaq +0.15% -1/27/14

Asian, European shares slump

• Asian and European shares tumble as investors continue to worry about the Chinese economy following poor PMI data on Thursday and about the effect of Fed tapering.
• Emerging markets are front and center in the sell-off amid country specific trouble in Turkey, Argentina and Thailand in particular.
• Money has been flowing into havens such as gold (+0.45) and the yen, which is 102.35 to the dollar vs 104.71 on Thursday morning. That in turn has hit the Nikkei.
• "A number of issues have all come together," says economist Shane Oliver. Problems "have been bubbling away for a while now, but when they hit the screen at the same time, it appears like there is a problem in emerging markets.
• Japan -2.5%, Hong Kong -2.1%, China -1%, India -1.9%, Thailand -1.8%, Indonesia -2.6%, South Korea -1.6%
• EU Stoxx 50 -0.35%, London -1.1%, Paris -0.6%, Frankfurt -0.4%, Milan -1.3%, Madrid -0.5%, Turkey -1.2%.
• U.S. stock futures: Dow flat. S&P +0.2%. Nasdaq +0.15%

For the latest updates on the stock market, visit, 
http://daytradingstock-blog.blogspot.com/