China's headstrong remarks isn't helping with the risk mood in equities

Author: Justin Low | Category: News

S&P 500 futures are down by 0.4%

E-minis 16-05
China's recent commentary suggests that they are ready for the stalemate in the trade dispute to carry on and that isn't really helping with the market mood, which was already much cautious to begin with in the trading day.

E-minis have fallen back down to see losses of just over 0.4% while US 10-year yields are at their lows for the day at 2.352% as markets digest the remarks from China's commerce ministry earlier.

This will set the tone once again ahead of the opening bell in Wall Street as to whether or not we'll see another case of greed overwhelming fear in trading later.

As for currencies, the reaction is much more composed with USD/JPY still holding just under the 109.50 level and the rest of the major bloc hasn't really moved by much since the start of the European morning.

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