Morning Wire — US Stock-Index Futures Down Sharply
US index futures are down significantly this morning as investors continue to react negatively to yesterday’s release of FOMC minutes. No one seems to believe that the US economy can grow unless the Fed applies more stimulus (our coverage here).…
At about 8:15 a.m. ET, Germany’s DAX is down -1.74% at 6,860.79 and France’s CAC 40 is down -1.43% at 3,358.03. In London, the FTSE 100 is down -1.15%, at 5,770.93.
In Asia, the Nikkei closed down -2.29% at 9,819.99. The Hong Kong and Shanghai exchanges were closed today.
Dow futures are down -0.74%, at 13,035.00. The Nasdaq is down -0.68%, at 2,760.00 and the S&P is down -0.75%, at 1,398.30.
In the currency markets, the US dollar is stronger against the euro a;nd the British pound, and weaker versus the Japanese yen. The US dollar index is up 0.27% at 79.694.
In commodities, WTI and Brent crude are lower this morning, with WTI down -1.02% at $102.95/barrel and Brent is down -0.54% at $124.19/barrel. Gold is down -2.7% this morning, at $1,626.90/ounce.
Paul Ausick
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.