Stoxx 50 futures drop 1.5%, Shanghai down 3.5%

FXStreet (Mumbai) – The risk aversion seen in Asia appears to have hit the European shores. The major European equity indices are pointing to a weak opening ahead.

The pan-European Euro Stoxx 50 futures are down 1.5%. Germany’s DAX and France’s CAC futures are down 1.3% each. Meanwhile, UK’s FTSE futures are trading 1% each.

The Chinese equity markets tumbled again with the benchmark index Shanghai Composite closing at its lowest since December; down 3.5%.

It remains to be seen if the European investors follow their Asian counterparts or take indices higher, tracking the rise in the US equities higher yesterday.

The risk aversion seen in Asia appears to have hit the European shores. The major European equity indices are pointing to a weak opening ahead.

(Market News Provided by FXstreet)