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Indices Drop In Risk Off Trade

EQUITIES

A broad risk off tone seen to start the week. There is concern around the deepening of COVID impact/fear across several Asia-Pac economies, while movement in other asset classes including oil and T-notes spurred the risk off move. US T-Note futures have breached last week's high, oil prices have fallen after the OPEC+ group reached a deal to increase output. Markets in Japan saw losses of around 1.5%, while mainland China has recovered from session lows but still nursing losses of around 0.5%. Other bourses in the region have seen losses of 0.5%-1.0%. In the US futures are lower, e-mini Dow leading the way down with losses of around 0.5%.

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