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LIVE MARKETS-Another down day in store

Thu, 09th Sep 2021 07:37

* European stock futures down

* Eyes on ECB meeting

* Asian shares fall, US futures dip

Sept 9 - Welcome to the home for real-time coverage of
markets brought to you by Reuters reporters. You can share your
thoughts with us at markets.research@thomsonreuters.com

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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Comments and questions to newsroom@alliancenews.com
  
A full 21-day events calendar is provided each day with a subscription to Alliance News UK Professional.
  
Copyright 2024 Alliance News Ltd. All Rights Reserved.

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