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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.

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