LIVE MARKETS-Another down day in store

Reuters2021-09-09

* European stock futures down

* Eyes on ECB meeting

* Asian shares fall, US futures dip

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ANOTHER DOWN DAY IN STORE (0637 GMT)

Debate over tapering is heating up and on the day the European Central Bank could claw back stimulus, equities in Europe look set for another session of profit taking from record levels.

Futures on the Euro STOXX 50, DAX and FTSE 100 indices are falling between 0.4% and 0.9% following losses on Tuesday, suggesting the pan-European STOXX 600 index could near 6-week lows if things worsen during the session.

Even if support should be dialled back, any move is likely be at the margins and the ECB is expected to emphasize the move is not tapering and signal copious support for years to come.

Over in Asia, equities fell as regulatory jitters hit gaming and media stocks in China once again, adding to worries about central banks reducing support. U.S. index futures meantime point to slight declines on Wall Street later on.

In European corporate news, M&A could spice up the day.

UK gambling firm 888 Holdings agreed to 2.2 billion pounds deal to buy William Hill's non-U.S. assets, while lock maker Assa Abloy is to buy Spectrum Brands' hardware and home improvement unit for $4.3 billion.

RWE is another one to watch after news Activist fund ENKRAFT has taken a stake in the German utility, calling for separation of its lignite operations.

(Danilo Masoni)

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  • triu
    2021-09-09
    triu
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