Nasdaq 100 futures fall further as ASML shares slide

The noted slide in the Nasdaq 100 futures this morning is now extending further and the index is right now priced to reopen close to 20,150. The slide in the Nasdaq futures is continuing to hamper stocks in Europe and even forcing the Dow Jones futures into the red. The fall in the USD/JPY close to the 157 handle now does suggest there might be an element of risk aversion at play, but that is surely not the case, given the current news backdrop and the recent very benign conditions. The fall in ASML of close to 6% just now would seem to be the likely candidate as the losses spread across the whole Chip sector in the Nasdaq 100 futures. The Index closed last night at 20,398 and it is currently priced to reopen at 20,165