European Stock Markets Head For Lower Open Today

European Stock Markets

European stock markets are expected to open lower today, as markets lose momentum seen earlier in the week following a rally on Wall Street. London’s FTSE is seen opening 42 points lower at 6,698, Germany’s DAX 50 points lower at 14,409, France’s CAC 40 down 15 points at 5,915 and Italy’s FTSE MIB 79 points lower at 23,731, according to IG.

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European Stock Markets Head For Lower Open Today via @MasterMindUpdate

Tech Leads Losses in U.S. Stock Futures; Dollar Gains

U.S. Stock Futures

U.S. stock futures dropped today as rising Treasury yields brought renewed pressure to equities with lofty valuations. Contracts on the Nasdaq 100 fell 2% in early trading and S&P 500 futures were lower, tracking losses in Asia. Ten-year Treasury yields topped 1.6%, sparking a rally in European financial shares. The dollar strengthened against all its major peers.

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Tech Leads Losses in U.S. Stock Futures; Dollar Gains via @MasterMindUpdate