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US equity futures taking another...........>

EQUITIES
EQUITIES: US equity futures taking another material turn for the worse in recent
trade, with Dow Jones and NASDAQ futures again hitting limit down (-5% since
yesterday's close) and pressuring S&P futures to put pressure on 2601 (the
index's limit down level) - the low print is at 2601.75.
- The Stoxx600 continues to sink, with all ten sectors again in the red as
losses are led by technology and consumer discretionary firms. The 'best'
performing sector is energy, which has fallen just shy of 5%. Of the 600 firms
in the index, just one stock, Pargesa Holdings, is higher after earnings.
- VIX futures are well bid from the off, hitting new cycle highs and the best
levels since the Global Financial Crisis in 2009. The record high came in
November 2008, where the contract struck 72.80.

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