[MARKET UPDATE] Euro Stoxx 50 futures opens down -1.2%, DAX -1.3%, as trade tensions re-arise between Europe and the US

The decline in Euro Stoxx 50 futures, with the DAX down by 1.3%, indicates growing concerns over renewed trade tensions between Europe and the U.S.

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PRE-MARKET TAIWANESE AND SINGAPOREAN STOCK NEWS

PBoC is expected to set USD/CNY mid-point at 6.9689 (prev. 7.0078)

[MARKET UPDATE] Euro Stoxx 50 futures opens down -1.2%, DAX -1.3%, as trade tensions re-arise between Europe and the US

South Korean Trade Ministry says South Korea and China are to hold a new round of free-trade negotiations on services and investment

[MARKET UPDATE] Nikkei 225 opens -0.8% while the KOPSI outperforms equity markets, +0.2%; Bitcoin falls ~USD 1,500 at the Japanese/South Korean open

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This development may weigh on risk sentiment and could lead to increased volatility in equity markets, particularly if the situation escalates or prompts retaliatory measures. Traders should watch for potential safe-haven flows into currencies like the dollar or gold as markets react to these geopolitical risks.

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