Posts Tagged ‘stock’

U.S. equities are indicated lower and the flight to safety is back in style after stock markets sold off around the world in the overnight session. Concerns surrounding government policies intended to curb inflating real estate values led a sell off in China while ongoing austerity measures and political discord are said to be the underlying motivation for weakness in European markets. Down trades range from a 1.90 percent decline in Shanghai to a 3.47 percent dip in Hong Kong. The CAC in Paris is off 3.22 percent, the DAX in Germany is 2.49 percent lower, and in London the FTSE is down 2.50 percent near a nine-month. At 7:15 am, S&P futures are 25.75 points lower at 1044.00 and Dow futures are down 203 points at 9840. Pessimism in stocks helped risk-free U.S. Treasuries rally in overseas...(read more)