Markets Are Falling Around The World

orange moon over new zealand

Photo: Steve Jurvetson on Flickr

The week begins weak.Markets are falling around the world, especially in Europe, where major indices in Italy and Germany are off about 1%. In France, the CAC-40 is off 0.5%.

This follow on weakness overnight in Asia, where the Nikkei lost 0.8% and the Shanghai Composite lost 0.64%.

In the US, futures are off about 0.5%. We’ll take this moment to remind you that the worst day all year has been a 0.69% decline, so just a 0.5% fall would put us near that level.

Not helping: A slew of weak Eurozone service PMIs, which came in worse than expected across the board.

We’ll get the Services ISM in the US later. Should be interesting.

UPDATE: For more on the ugly European PMI situation, see here.

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