Shortly following the Wall Street opening........>

US: Shortly following the Wall Street opening bell, US equity futures hit the

lowest levels since mid-February with marked weakness across both European and

US indices. Financials are among the poorest performers in the US following

weakness in the sector in Europe - the Eurozone banking index has traded as much

as 4% lower on the day.

The USD index has proved to be the main beneficiary in currency markets from the

ECB decision, with the February high at 97.368 the target. JPY and CAD are now

the only currencies in G10 outperforming the greenback.

US 10y yields are falling alongside equity markets, with yields now south of

2.66% for the first time since Feb27. US curve trades slightly flatter, with

2-10y spread lower by 0.5bps at time of writing.