US stock markets set to open normally. Beware the algos ...Middle East

Major US exchanges are set to open normally today and say they're not affected by the Crowdstrike outage.I fear secondary effects. So much of the liquidity in global markets is powered by algos and if those are affected or shut off as a precaution today then bid-ask spreads could blow out.ZeroHedge reports that Spread between bid and ask yields on the two-year UK bond briefly widened as much as 15 basis points. We could be seeing more of that today in stocks, bonds and FX, with stops being triggered as a result. This article was written by Adam Button at www.forexlive.com.

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Last updated : 19 July 2024 clock 04:00 PM

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US stock markets set to open normally. Beware the algos ...Middle East

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