US futures extend drop ahead of the open

Author: Justin Low | Category: News

The softer risk mood continues to grip at markets

E-minis 03-12
We're starting to see an extension of the more risk averse mood in markets now as US traders begin to come in today. S&P 500 futures are down by 0.5% with Treasury yields also being dragged to session lows across the curve now.

In turn, that is pushing USD/JPY lower to 108.73 with yen pairs also easing lower on the day. It's all about trade with Trump cautioning against a China deal possibly going beyond next year's election and also keeping up his battle against Macron and France on tariffs.

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