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Risk-Off Pressures Equities to Fresh Lows

CROSS ASSET
  • Risk-off pervading through markets here, with E-mini S&P headed to fresh session lows and now testing psychological support at the 4600 level. Coincides with a turnaround in US 10y yields, which appear to have topped out at 1.4701% and are now returning lower.
  • In currency space, EUR appears the hardest hit, with EUR/USD now on the way toward overnight lows of 1.1266 and EUR/GBP touching the 100-dma at 0.8516.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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