Markets stay cautious with US jobs report eyed ...Middle East

The heavy selloff came quite suddenly in US trading yesterday and that is carrying over to sentiment today as well. In Asia, Japanese stocks are facing a rout with the Nikkei down 4.5% and Topix down 4.7% currently. As Eamonn said, absolute carnage. The Hang Seng index is also down 2% at the break as the selling pressure remains overall.Looking to US futures, tech shares continue to be the main drag after the plunge yesterday. S&P 500 futures are down 0.7%, Nasdaq futures down 1.2%, and Dow futures down 0.4% currently. In the bond market, 10-year Treasury yields have also sank below 4% as bids continue to flow through. The pattern of lower highs, lower lows is still playing out:That is keepi

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