S&P 500 Comm Srvs Dec '21 (BBZ21)
S&P 500 Comm Srvs Futures Market News and Commentary
Morning MarketsDec S&P 500 futures this morning are down by -0.48%. U.S. retail stocks are moving lower in pre-market trading, led by a -5% fall in Nike after the company cut its sales outlook due to factory closures from the pandemic. Also, cryptocurrency-related stocks are falling today after China’s central bank banned all crypto transactions.
Global stocks are mostly lower. The Euro Stoxx 50 index today is down -0.97%, led by losses in retail stocks and financial service companies. European stocks were also under pressure after the German Sep IFO business climate fell -0.8 to a 5-month low of 98.8, weaker than expectations of 99.0.China’s Shanghai Composite closed down -0.80%. Chinese stocks fell back today on Evergrande Group’s debt concerns after the company gave no sign of making an $83.5 million interest payment that was due on Thursday. Also, Bloomberg News reported that Evergrande missed salary payments to some of its employees and has fallen behind... Read more
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