Wednesday was one of the worst days for the markets as stocks tumbled globally. Major U.S. indices hit the lows since June, with Dow plunging 3.43%, the S&P 500 down 3.53%, and the Nasdaq shedding 3.73%.
The futures are showing respite early Thursday after most Asian markets slipped, while the European markets recovered. The Dow futures have advanced 0.60%, and the S&P500 futures have gained 0.76% on the last check.
Asia: Japan's Nikkei 225 benchmark closed 0.37% lower on rising coronavirus fears, but strong earnings and outlook from Sony Corp's SNE limited losses. Bank of Japan kept the interest rate unchanged at -0.10%.
Japan's retail sales fell 8.7% year-over-year in October. Investors will be watching the consumer price index and unemployment numbers scheduled to release Thursday.
China's Shanghai Composite benchmark closed higher by 0.11%, driven by upbeat earnings in the consumer sector. Healthcare stocks gained for the fourth consecutive day.
Hong Kong's Hang Seng Index and South Korea's KOSPI index closed 0.60% and 0.79% lower, respectively. South Korea has a busy economic calendar on Thursday with industrial and retail data scheduled.
India's Nifty 50 index is trading lower by 0.73%, on top of a 1.3% decline on Wednesday.
Europe: Euro Stoxx 50 benchmark is trading higher by 0.10%. The European Union has a busy economic calendar with consumer and business sentiment data and the European Central Bank's monetary policy statement scheduled Thursday.
London's FTSE 100 index is trading higher by 0.20%, driven by gains in industrial and technology stocks, partially offset by bank shares losses. Investors will be watching consumer credit and mortgage lending data.
Germany's DAX has recovered by 0.44% early Thursday after tumbling 4.17% on Wednesday. All major sectors are trading higher as investors await unemployment and consumer price index numbers.
France's CAC 40 index has gained 0.40%, while Spain's IBEX index is lower by 0.30% after the consumer price index for October fell 0.9% YoY.
Forex Trading: U.S. Dollar Index futures have advanced by 0.13% to 93.535. The dollar has gained 0.10% against the Euro to $1.1732, lost 0.05% against the Sterling to $1.2987, and lost 0.06% against the Yen to ¥104.23.
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