Free Trial

Risk-off Gathering Pace

EQUITIES

Risk-off really gathering pace in recent trade, with US stock futures sliding sharply and the USD getting a decent follow-through bid.

  • Gold failing to benefit, hit hard in recent trade and falling through the Friday/Thursday lows to trade around $40/oz off the day's highs.
  • No notable headlines crossing to prompt such a move - although markets have been noting that Tesla's debut in the S&P500 today is not off to a good start - with the stock off by just over 5% pre-market on likely profit-taking
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.