Current Futures: Dow -79.00, S&P -10.40, NASDAQ -19.00

Following the negative close in the Asian session, European markets opened lower. Since the Sunday session started, the U.S. futures traded negative, with the S&P declining 1.0% so far. 

In Europe, the equity markets opened lower after hitting four months high on Friday. Similarly, Asian markets declined tonight falling from a seven month high; however, the downside movement was limited. Commodity producers pulled European markets lower, even though they posted gains in the early Asian session. Commodity producers moved lower along with crude oil and other raw materials, as the S&P futures declined, influencing the overnight markets.

We may see the tech-driven NASDAQ under-perform the other two major U.S. indexes, the S&P and the Dow Jones. The main reason would be that Intel, one of the main companies in the industry is facing a record fine from the European Union because of anti-competitive behavior against its rival AMD. Sources say that Intel may face sanctions that exceed well over $1 billion, after also receiving fines for similar behavior in Japan and South Korea. 

Overnight, the Japanese Nikkei added 19.15 points (0.20%) to 9,451.98. The Australian S&P/Asx slipped 15.70 points (0.40%) to 3,926.00. The U.K. Ftse declined 18.01 points (0.40%) to 4,444.08, while the German Dax shed 32.08 points (0.65%) to 4,881.82

Crude oil for May delivery was recently trading at $57.40 per barrel, down $1.10.

Gold for May delivery was recently trading higher by $0.20 to $915.05.