S&P 500 futures parring back some of the losses earlier
It's still a bad one, as US equity futures are still down by almost 1% on the day. S&P 500 futures fell to as low as 1.5% earlier but is finding a base - at least for now.
That's helping to keep USD/JPY a little lower on the day, with the pair also off the lows for the day currently trading at 107.20.
If there's any consolation to traders hoping risk sentiment will turn around, it is that markets are quick to forget. Wednesday was a good example of that.
In case you need a recap, China hit back with tariffs on soybeans and aircrafts among other things against the US at the start of the European session that day. US equity futures were sent tumbling by more than 1.5%.
But at the end of trading, the S&P 500 closed the day higher by more than 1%.
Easy come, easy go - as the saying goes.
