European stocks fall deeper into negative territory with yields also moving lower
The DAX is now down by 1.7% as we see Treasury yields also track lower on the day, with 10-year yields now down by 2.5 bps to 1.325%. In turn, gold is pushing near 1% gains towards $1,650 as the risk mood starts to turn softer once again.
The movement in the currencies space is more measured though, with USD/JPY still at 110.33 and the aussie and kiwi not really pushing fresh lows on the day currently. The franc is posting decent gains though with USD/CHF down to 0.9740.
Update: The DAX is now down by 2.0% - weakest level since October last year.
