US futures accelerate losses as risk sentiment wilts
S&P 500 futures now down by 0.5%
Fresh lows for equities as the risk mood is taking a turn for the worse. Fear is starting to take over again as Treasuries also add to gains on the day. Both 10-year and 30-year yields are down by over 4 bps to 1.537% and 1.972% respectively.
If US data disappoints in a significant manner, we could see yet another ugly day in markets later on in North American trading.
USD/JPY is holding lower again at 105.80 but be wary of a potential drop further later when US traders join in on the action.