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Wall Street Bloodbath To Reflect At Opening


The bloodbath in the U.S. markets on Wednesday might continue to hold up the investor sentiments. Major indexes across Europe and Asia had an impact in their closing.

Asian shares finished in the red, while European shares are trading in negative territory.

The signs from the U.S. Futures points to significantly lower opening for Wall Street.

As of 7.35 am ET, the Dow futures were falling 240.00 points, the S&P 500 futures were down 22.25 points and the Nasdaq 100 futures were declining 66.50 points.

U.S. stocks closed lower on Wednesday. The Dow plunged 831.83 points or 3.2 percent to 25,598.74, the Nasdaq plummeted 315.97 points or 4.1 percent to 7,422.05 and the S&P 500 tumbled 94.66 points or 3.3 percent to 2,785.68.

On the economic front, the Consumer Price Index for September will be published at 8.30 am ET. The consensus is for increase of 0.2 percent, unchanged from the prior month.

The Labor Department's Jobless Claims for the week will be released at 8.30 am ET. The consensus is for 207K, unchanged from the previous week.

The Energy Information Administration or EIA's Natural Gas Report for the week will be issued at 10.30 am ET. The prior week's change was 98 bcf. The Petroleum Status Report for the week will be revealed at 11.00 am ET. In the prior week, the crude oil inventories were 8.00 million barrels.

30-year Treasury Inflation-Protected Securities or TIPS auction will be held at 11.00 am ET. 30-year Treasury Bond auction will be at 1.00 pm ET.

The Treasury Budget will be presented at 2.00 pm ET. The consensus is for $62.0 billion, compared to deficit of $214.1 billion a month ago.

Fed Balance Sheet is scheduled at 4.30 pm ET. The prior week's level was $4.175 trillion.

The Fed Money Supply for the week will be released at 4.30 pm ET. The M2 weekly change was $17.7 billion.

In the corporate sector, Delta Air Lines reported third quarter earnings of $1.91 per share, while its adjusted earnings were $1.80 per share. L Brands' September Comps increased 5 percent.

Asian stocks plunged on Thursday. Chinese stocks hit multi-year lows. The benchmark Shanghai Composite index plunged over 6 percent before recouping some loss to end the session down 5.22 percent at 2,583.46, marking the worst single-day loss since Feb. 25, 2016. Hong Kong's Hang Seng index tumbled 3.54 percent to 25,266.37.

Japanese shares hit a one-month low. The Nikkei average tumbled 915.18 points or 3.89 percent to 22,590.86, marking its biggest daily decline since March. The broader Topix index closed 3.52 percent lower at 1,701.86.

Australian markets plummeted. The benchmark S&P/ASX 200 fell 166 points or 2.74 percent. The broader All Ordinaries index lost 170.30 points or 2.76 percent to end at 5,993.50.

European shares are all down. France's CAC 40 is declining 86.52 points or 1.66 percent. Germany's DAX is down 137.38 points or 1.17 percent. FTSE 100 of U.K. is plummeting 118.51 points or 1.66 percent. Swiss Market Index is falling 224.65 points or 2.53 percent.

Eurozone's leading Blue Chip index,Euro Stoxx 50, is sliding 1.29 percent.

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