posted at 01:50
Author Name: Mike Bird
Market Update 20 Oct 2014
REUTERS/Andres StapffIt's looking like we didn't see the end of volatility during last week's sell-offs. It's been another rocky morning already, and European markets are down. France's CAC 40 is down 0.89%. Spain's IBEX is down 1.04%. Italy's FTSE MIB is down 0.92%. Britain's FTSE 100 is down 0.32%. Germany's DAX is down 1.00%. Asian markets are up. After a massive sell-off last week week, good news for investors from the world's largest pension fund drove the Nikkei up 3.98% overnight. Hong Kong's Hang Seng index is currently up 0.30%. US futures are up too. The S&P is 0.41% higher and the Dow is up 0.40%. Italian industrial orders for August just out showed a 3.2% drop from the same month last year, and a German release showed a 4.7% increase in tax income for the government this September. Not everything is great for Germany: Lufthansa's pilot strike spread to long-haul journeys Monday and grounded thousands of flights. There's nothing much data-wise coming from the US today, but after trading, at 10 p.m. ET, there's a series of major releases out of China.

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