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US Equity futures down 1%, point to a weak opening

FXStreet (Mumbai) - The US Equity futures are trading weak, tracking the fall in the European and the Asian equity markets.

The DJIA December futures are trading 1.065 lower at 15,838 levels. Meanwhile the S&P December futures and the Nasdaq December futures have lost 1.20% and 1.23% respectively. The fall in the equity markets may continue ahead as the S&P 500 Volatility Index (VIX) October future contract is trading 7.11% higher at 25.685 levels.

The US Equity futures did recover some losses after the official data in the US showed Initial jobless claims for the week ended Oct 11 fell to their lowest level in 14 years. However, the underlying tone appears bearish as indicated by the rising VIX futures.

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