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Equities are extending losses

CROSS ASSET
  • Equities continues to drive, with Estoxx futures breaking through new lows.
  • Desks will look for support at Yesterday's low 4259.00 for support.
  • For the US Emini ticks lower, but Cash market will be seeing a mixed cash open.
  • Dow will be in small negative territory, while NDX will suggest a 1.1% positive open, following the Nvidia earnings Yesterday.
  • The Dollar extend through new highs against the CAD, SGD, CZK, NOK, GBP, EUR.
  • Most FX desks are keeping a close eye on the 200dma in the EURUSD.

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