Overview: Hope triumphed over realism yesterday, and realism is fighting back. Asia-Pacific markets, however, traded on the echo from the recovery in North America on Monday. The MSCI Asia Pacific recouped part of yesterday's drop, led by Chinese markets. Hong Kong was the main exception. The enthusiasm faded by the European morning and the Dow Jones Stoxx is threatening a fourth consecutive losing session, dragged down by communication, consumer staples, and healthcare sectors. US shares are trading lower in Europe, and the early call is for the S&P 500 to open about a little lower.