U.S. stock futures: Dow -0.45%. S&P -0.4%. Nasdaq -0.5%- 5/5/14

European stocks slump

• European shares are sharply lower following the another weak Chinese manufacturing PMI print and a small cut in eurozone growth forecasts, and amid the ever increasing tensions in Ukraine.
• "The escalation in Ukraine is spooking investors again, and people are quick to pull the trigger to book recent profits," says David Thebault of Paris-based Global Equities.
• Volumes thin as U.K. and Irish markets are closed.
• Euro Stoxx 50 -1.1%, Paris -1.1%, Frankfurt -1.4%, Milan -1.1%, Madrid -1%.
• U.S. stock futures: Dow -0.45%. S&P -0.4%. Nasdaq -0.5%

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