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Lukewarm tones in early trades

  • German DAX Futures -0.2%
  • UK FTSE futures stagnate
  • Spanish futures IBEX -0.2%

The background music for stocks is a bit more mixed, as US futures tend to be a bit higher at the moment. S&P 500 futures and Nasdaq futures are up around 0.15% while Dow futures are up 0.11% as things move forward in Europe.

In Asia, the Nikkei closes flat while the Hang Seng is down 1.6% and the Shanghai Composite down 1.0% as concerns about the Chinese real estate sector continue to surface. The latest being Chinese developer Modern Land which defaults on its dollar bond payment overnight.

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