Eurostoxx 50 down below 2%, Shanghai nears -7%

FXStreet (Bali) – Eurostoxx 50 futures are down -2.4% in early European trading, tracking the heavy losses seen in Asian indexes.

DAX futures are down -2.7%, CAC40 -1.4%, FTSE -1.2%, following the downbeat China Caixin Manufacturing PMI for December, which came in at 48.2 vs 48.9 expected and 48.6 last, heightening fears of a worse-than-expected Chinese economic slowdown.

Ahead of the close, the Shanghai Composite is trading over 7% lower, which continues to support Yen bids, HK 50 in Hong Kong are down -2.9%, while the Nikkei has seen losses of over 3%.

Eurostoxx 50 futures are down -2.4% in early European trading, tracking the heavy losses seen in Asian indexes.

(Market News Provided by FXstreet)