December E-mini S&Ps (ESZ14 -0.28%) this morning are down -0.27% and European stocks are down -0.23% as world equity markets retreated on concern over global growth after Japan Q3 GDP unexpectedly contracted for a second quarter, a sign of recession.

September E-mini S&Ps (ESU14 +0.26%) this morning are up +0.27% at a 2-week high and European stocks are up +0.94% at a 1-week high.

European bank stocks plunged with Banco Espirito Santo down 11% and Espirito Santo Financial Group SA, which owns 25% of the lender, down 9% before trading was halted.