Stoxx 600 just touched one-year lows
Another bloodbath in the equities market after Asian equities got wiped out. The DAX is down by 1.88% on the day and UK's FTSE is down by 0.95% now. Major bourses are trading at the lows as the pain continues in the stock market.
Surprisingly, the yen remains somewhat resilient to the continued bashing in equities. Following an earlier move down in Asia, USD/JPY actually traded back above 105.00 briefly before falling back down to 104.89 currently.
The currency market remains largely quiet in the wake of what is going on elsewhere, with the dollar still on the backfoot on the day. The only notable mover on the session is sterling as it pares gains against the dollar but cable is trading in a measly 39 pips so far today.
