Equities are continuing to be hammered with tech shares leading losses. Before some last-minute buying by China's plunge protection team, the Hang Seng was down over 13% at one point just now. Meanwhile, Nasdaq futures are now down 5.8%. It's a real bloodbath out there. The risk aversion is starting to ramp up again with 10-year yields in the US now down to 3.89% and USD/JPY nudging back towards another test of 145.00 today:
It doesn't look like there will be much relief at least to start European morning trade.
As a reminder, circuit breakers for US indices and futures will kick in at 7%. The last time we got into that was back during the height of the Covid pandemic.
This article was written by Justin Low at www.forexlive.com. Read More Details
Finally We wish PressBee provided you with enough information of ( Risk-off flows ramp up again as we get into European trading )
Also on site :
- 'General Hospital' Fans Brace for 'Slap in the Face' amid Star's Return
- Billionaire Telegram founder leaves his $14 billion fortune to the 100+ children he’s fathered—which means $132 million for each lucky Gen Alpha kid
- Wrong-way crash on I-80 in Colfax kills 2 people