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Stocks on Backfoot as New Zealand Lockdown Unsettles Risk Sentiment

EQUITIES
  • Equity futures across the US are lower, signalling a negative open on Wall Street later today. The imposition of a swift nationwide lockdown in New Zealand has unsettled risk sentiment, with a sharp pullback in both NZD and AUD adding further weight.
  • Across Europe, only the FTSE-100 holds in positive territory, with continental indices lower by 0.3-0.9%. Peripheral markets underperform, with Italian and Spanish equities off 0.7-0.9%.
  • Europe's financials and real estate sectors are on the decline, with modest strength in materials and tech names not enough to counter.

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