European indices gradually extend declines, US futures also slipping
The risk-off mood continues to reverberate across the market as equities are slumping further on the session now. A snapshot of the situation:
- Germany DAX -1.8%
- France CAC 40 -1.2%
- UK FTSE -1.6%
- S&P 500 futures -0.8%
- Nasdaq futures -1.2%
- 10-year Treasury yields -1.7 bps to 0.999%
In turn, this is continuing to keep pressure on commodity currencies as AUD/USD falls below 0.7600 and NZD/USD trades to fresh session lows of 0.7112, closing in on 0.7100.
