Список проголосовавших за комментарий " S&P futures vs fair value: flat. Nasdaq futures vs fair value: +1.40.<p>The S&P 500 futures trade in line with fair value.</p><p>Equity indices in the Asia-Pacific region ended the midweek session on a broadly lower note, taking a cue from Tuesday's slide on Wall Street. Japan's Nikkei (-2.1%) paced the decline as the yen extended yesterday's advance. Overnight yen strength has pressured the dollar/yen pair to a new low for the year in the 111.15 area. Elsewhere, an op-ed in the Chinese press discussed the possibility of an economic slowdown in the second half of the year. The op-ed argued that the Chinese government should step in to stabilize growth.</p><ul><li>In economic data:<ul><li>Japan's All Industries Activity Index +0.1% month-over-month, as expected (last -0.2%). February trade surplus expanded to JPY680 billion from JPY200 billion (expected surplus of JPY550 billion). February Imports +1.2% year-over-year (consensus 0.6%; last 8.5%); +11.3% year-over-year (expected 10.6%; last 1.3%)</li><li>Australia's MI Leading Index -0.1% month-over-month (last 0.0%)</li></ul></li></ul><p><em>---Equity Markets---</em></p><ul><li><strong>Japan's</strong> Nikkei lost 2.1% amid weakness in most components. Financials were among the laggards with T&D Holdings, Dai-ichi Life Insurance, MS&AD Insurance Group, Sony Financial Holdings, Nomura Holdings, and Mitsubishi UFJ surrendered between 4.3% and 7.2%.</li><li><strong>Hong</strong> <strong>Kong's</strong> Hang Seng fell 1.1%, returning to levels from the end of last week. Hengan International Group, China Life Insurance, Ping An Insurance, Bank of China, and ICBC posted losses between 1.9% and 4.5%. Geely Automobile outperformed, surging 5.8%.</li><li><strong>China's</strong> Shanghai Composite ended lower by 0.5%. Shanghai Bailian Group, Shandong Pharmaceutical Glass, Fangda Special Steel Technology, Xinyu Iron & Steel, and Kangxin New Materials posted losses between 3.3% and 3.8%.</li><li><strong>India's</strong> Sensex registered its third consecutive loss, falling 1.1%. Bharti Airtel led the decline with a 3.2% slide. Tata Motors, ITC, Bajaj Auto, Mahindra&Mahindra, Tata Steel, and Maruti Suzuki settled with losses between 1.1% and 2.8%.</li></ul><p>Major European indices trade lower across the board, but losses have been contained to no more than 1.0% so far. The Euro Stoxx 50 index is down 0.2%. ING Groep is the weakest component, falling 4.9% amid reports the company is being investigated by Dutch authorities for money laundering. Yesterday afternoon, French presidential candidate Emmanuel Macron said, in a tweet, «I refuse a multi-speed approach on European values: if you are part of the EU to access the single market, you have to respect our values.» This puts Mr. Macron on a collision course with German Chancellor Angela Merkel, who has spoken in favor of adopting a two-speed approach to European integration. Keep in mind that Ms. Merkel will stand for re-election later this year.</p><ul><li>In economic data:<ul><li>Eurozone January Current Account surplus EUR24.10 billion (expected surplus of EUR29.30 billion; prior surplus of EUR30.80 billion</li></ul></li></ul><p><em>---Equity Markets---</em></p><ul><li><strong>France's</strong> CAC is down 0.4% with ArcelorMittal falling 1.8% to lead the retreat. Financials have not done much better, as AXA, Societe Generale, Credit Agricole, and BNP Paribas show losses between 0.9% and 1.6%. On the upside, L'Oreal is up 0.7% while Pernod Ricard trades higher by 0.5%.</li><li><strong>Germany's</strong> DAX has given up 0.5%. Lufthansa and ThyssenKrupp are down 1.0% and 1.4%, respectively, while financials Commerzbank and Deutsche Bank show losses close to 1.0% apiece. Exporters BMW and Daimler hold respective losses of 0.7% and 0.6% while Volkswagen has added 0.8%.</li><li><strong>UK's</strong> FTSE is lower by 0.8%. Kingfisher has plunged 5.7% in reaction to disappointing results and news that its Chairman will step down. Financials also trade notably lower with Standard Chartered, Barclays, RBS, Prudential, Standard Life, and Lloyds Banking down between 1.8% and 2.6%. Miners like Fresnillo, Randgold Resources, and Antofagasta outperform with gains between 0.4% and 1.2%.</li></ul>"