European Factors to Watch-Equity futures fall as China's yuan drops further

miércoles 12 de agosto de 2015 02:30 GYT
 

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LONDON Aug 12 (Reuters) - European stock index futures fell on Wednesday as global equity markets suffered in the wake of China's devaluation of the yuan.

Futures for the euro zone's Euro STOXX 50 and for Germany's DAX both fell by around 1 percent. Futures for France's CAC declined by 0.8 percent while Britain's FTSE 100 futures dropped 0.6 percent.

China allowed the yuan to fall sharply for a second straight day on Wednesday, forcing investors to seek refuge in safe-haven government debt. .

The slump in the Chinese yuan has impacted German carmakers and European luxury goods stocks, since China is a top export market for euro zone companies. It has also weighed on energy and mining shares as China is a top global consumer of commodities. ------------------------------------------------------------------------------ > GLOBAL MARKETS-Risky assets reel as China allows yuan to fall for second day > US STOCKS-Wall St slides after China's surprise currency devaluation > Nikkei falls after China weakens yuan for second day > TREASURIES-U.S. bonds jump on China FX move, Fed rate speculation > FOREX-Australian dollar tumbles after China weakens yuan guidance > PRECIOUS-Gold holds near 3-week top as weaker yuan hits equities > METALS-London nickel dives 15 pct, copper, aluminium hit six-year lows > Oil prices slump further as China lets yuan slide

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