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Cash markets plummet

  • Not yet seeing any clear spillovers into the USD, from the dip in Equities.
  • Although futures see a small bounce off the sessions lows,
  • cash Equities are plummeting, with CAC at a 1 year low (since March 2021), Dax is also under further pressure.
  • Stoxx600 test lowest level since the 08/03/21, with next support now at 404.04.
  • Retail, Banks, Travel/Leisure and Auto/parts are already down over 4%.
  • Early winners are Basic resources (up 3.72%), and Energy (up 3.27%).

Chart source: MNI/Bloomberg

MNI London Bureau | +44 203-865-3806 |
MNI London Bureau | +44 203-865-3806 |

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