[MARKET UPDATE] US equity futures sell off with pressure most notable in the NQ, though it remains in the green overall; NQ +0.4% vs +1.0% just before the cash equity open
Newsquawk Staff ·
US equity futures sell off with pressure most notable in the NQ, though it remains in the green overall; NQ +0.4% vs +1.0% just before the cash equity open.
What it means
The US equity futures are currently under pressure, particularly in the NASDAQ (NQ), which has seen a notable decline from its earlier gains. Although the NQ is still in positive territory, the shift from +1.0% to +0.4% indicates some weakening sentiment ahead of the cash equity open, suggesting that market participants may be cautious or responding to broader signals that could impact tech-heavy indices more significantly.
- [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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