Good morning! European markets are down early Thursday, after a similar drop in Asia overnight.
Here’s the scorecard, so far:
France’s CAC 40 is down 0.60%
Spain’s IBEX is down 0.54%
Italy’s FTSE MIB is down 0.47%
Britain’s FTSE 100 is down 0.91%
Germany’s DAX is down 0.56%
In Asia, the Nikkei closed down 0.37% and the Hang Seng is currently down 0.59%
S&P futures are up 0.19%, and Dow futures are climbing 0.16% higher.
Eurozone flash PMIs are out, it’s good news for Germany, which looks like it’s struggling a little less, and awful news for France, which increasingly looks like it’s in recession.
UK retail sales are out at 4:30 a.m. ET, with analysts expecting a 0.1% drop from August to September.
Later Thursday morning, in the US there are initial jobless numbers at 8:30 a.m. ET, followed by the house price index half an hour later. At 9:45 a.m. ET, Markit’s manufacturing PMI figures will be released, with analysts expecting a 57 print, slightly down from last month.