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CROSS ASSET: US Equity Futures Sub Tuesday Lows, WTI Testing $70/bbl

CROSS ASSET

Latest dealings in Asia Pac is seeing renewed risk off flows, as US equity futures test below Tuesday lows. 

  • In the FX space, USD/JPY has tested sub 145.00, up nearly 0.30% in yen terms. AUD and NZD are both weaker, with AUD/JPY off 0.50%. AUD/USD last under 0.6700.
  • US equity futures have fallen through Tuesday intra-session lows, Eminis last off 0.35%, Nasdaq futures down 0.60%. Key regional equity markets are off at this stage in Asia Pac, led by the tech sensitive Japan and South Korea markets.
  • WTI oil is testing round figure support at $70/bbl as well.
  • US Tsy benchmark yields are down around 1bps at this stage. 

 

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