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Risk-Off Develops Further

EQUITIES
  • Risk-off theme developing further 15 minutes into the US cash equity session, with the e-mini S&P inching closer toward the overnight lows of 4218.75 - moving in tandem with US yields as the 10y falls further below 2.80%.
  • In currency space, JPY remains the main beneficiary, opening downside levels at 127.46/126.98 the Lows from Apr 20 / Apr 19.
  • For equities, energy sector getting hit the hardest thanks to the slide in the oil price: Energy sector in the S&P 500 off over 3.5% at typing.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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