S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
Danske Research Team notes global equities slipped modestly, with the S&P500, Nasdaq and Russell2000 all lower. Semi-conductors in the S&P500 underperformed after a strong prior run, while defensive sectors such as healthcare and staples led gains. Asian equities and US and European futures turned mostly higher, suggesting limited follow-through selling.
Global stocks see mild pullback
“Global equities ended the day lower by 0.3% yesterday, after being down 1% at the lows.”
“For once, semi-conductors in the S&P500 were among the weakest performers closing 1.4% lower, after being down about 4.5% earlier in the day.”
“We will not overdo conclusions on such setback after an impressive 35% run over the past month.”
“The defensive sectors, led by healthcare and staples, were among the top performers with gains of 1.9% and 1.6%, respectively in a broad based defensive outperformance.”
“S&P500 closed down 0.2%, Nasdaq 0.7% lower, and Russell2000 down about 1%.”
“Asian equities are mostly in green this morning after an initial setback.”
