Markets Are Down

 SEP. 4, 2014

REUTERS/Alessandro Bianchi

European Central Bank President Mario Draghi.

European markets are down early Thursday.

Here’s the scorecard:

France’s CAC 40 is down 0.3%.

Germany’s DAX is down 0.7%. 

Spain’s IBEX is down 0.3%.

Italy’s FTSE MIB is down 0.04%.

Britain’s FTSE 100 is up 0.07%.

Asian markets closed down, with Nikkei’s 225 closing down 0.3% and Hong Kong’s Hang Seng Index closing down 0.08%.

U.S. futures are mostly down, with Dow futures down 4 points and NASDAQ futures down 5.3 points. S&P futures are up 0.20 points. 

It’s a huge day for economic news. In the U.S. later, we’ll get jobless claims, labor costs, trade deficit data, Markit services PMI, and non-manufacturing data. 

Economists expect weekly initial jobless to climb alongside labor costs, estimated to have risen .06% in Q2. 

All eyes will be on the ECB conference today as leaders address Europe’s failing economic health.