Following Tuesday’s ugliness in the US, stocks were hit pretty hard in Asia in Wednesday trading.The Nikkei fell 1.6% (falling below 8900). Shanghai slid 2%, falling below 2600.
Conversely in the European early going, stocks are getting a bit of a lift. Germany’s Dax and the CAC-40 are marginally higher. Update 1: And just after 5:00 AM, they’re sliding again.
US markets are also catching a bit, and all of the major risk on/risk off indicators are going in a slightly bullish direction.
The yen has weakened, the Aussie dollar, has strengthened, and the euro is above $1.27.
News-wise it’s been a very quiet night. The Germany IFO institute climate index came in higher than expected.
First Look editor Vincent Fernando will be back tomorrow.
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