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Eurostoxx 50 down below 2%, Shanghai nears -7%

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Jan 4, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    FXStreet (Bali) - Eurostoxx 50 futures are down -2.4% in early European trading, tracking the heavy losses seen in Asian indexes.

    DAX futures are down -2.7%, CAC40 -1.4%, FTSE -1.2%, following the downbeat China Caixin Manufacturing PMI for December, which came in at 48.2 vs 48.9 expected and 48.6 last, heightening fears of a worse-than-expected Chinese economic slowdown.

    Ahead of the close, the Shanghai Composite is trading over 7% lower, which continues to support Yen bids, HK 50 in Hong Kong are down -2.9%, while the Nikkei has seen losses of over 3%.
    For more information, read our latest forex news.
     

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