Free Trial

Scandi Equity Volatility Feeds Into EuroStoxx, E-mini S&P

EQUITIES
  • Just taking a closer look at that equity price action through the open - noticeable across most markets but particularly in the Scandi sphere: Sweden's OMX dropped close to 7% before recouping the loss over the next 4 or 5 minutes, while Norway's OBX dropped ~4% before bouncing over the same period. Note that both indices remain negative on the day, but well off the worst levels.
  • Moves across Nordic equities feeding into EuroStoxx and S&P futures, but losses appear brief for now.
  • No specific headline or piece of news to pin the move on, with no specific company or stock leading markets - suggesting potential disorderly sell orders prompting acute volatility and flash crash-type price action.
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.