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European Futures Unchanged. Asia in the Red

European Futures Unchanged. Asia in the Red

The main European indices are pointing to an almost unchanged start to the session, with Euro Stoxx 50 futures advancing 0.1%.

This Friday, 21 June, investors will be paying close attention to the HCOB purchasing managers’ indices (PMI) for the Eurozone, looking for signs of economic recovery and less pressure from rising prices.

In Asia, the session was in the red, with the global rally led by technology fading and concerns about the Chinese economy continuing to worry investors.

The biggest fall came in Hong Kong, with the Hang Seng losing 1.34 per cent, then falling more than 2 per cent, at a time when Beijing has been reluctant to increase stimulus to the economy.

In China, the Shanghai Composite fell 0.27 per cent. In Japan, the Nikkei fell 0.09 per cent and the Topix added 0.02 per cent, while in South Korea the Kospi fell 0.8 per cent.

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