[MARKET UPDATE] Risk off trade entering the market as US equity futures slip, alongside strength in havens (USTs and JPY), but gold remains steady; without fresh newsflow
Newsquawk Staff ·
Risk off trade entering the market as US equity futures slip, alongside strength in havens (USTs and JPY), but gold remains steady; without fresh newsflow.
What it means
The current risk-off sentiment is leading to a decline in US equity futures, indicating investors are moving towards safe-haven assets like USTs and JPY. However, the steady price of gold suggests uncertainty in the markets persists despite the absence of fresh news, which could imply ongoing geopolitical tensions or economic concerns may be influencing trader sentiment.
- [MARKET ANALYSIS] Asia-Pac stocks trade mixed folowing the continued tech rout stateside where the Nasdaq 100 slipped into a correction and with markets cautious ahead of the US midterm election
- [MARKET ANALYSIS] Dollar is flat ahead of the midterms, while yuan weakens after the PBoC raised its FX RRR
- [MARKET ANALYSIS] T-note futures pulled back after gaining yesterday alongside a slump in oil prices, while demand is contained with cash treasuries trading shut overnight amid the Tokyo closure
- [MARKET ANALYSIS] Oil prices are contained after dropping 8% on Monday amid hopes for diplomacy and despite a report that the US conducting a small-scale, defensive attack on Iran's Qeshm Island
- [MARKET UPDATE] Asia-Pac stocks begin mixed with underperformance in the KOSPI following the continued tech rout stateside which saw the Nasdaq 100 dip into a correction, while demand is contained amid the holiday in Japan and looming US midterm elections
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