US futures keep lower, but off earlier lows ahead of North American trading

Author: Justin Low | Category: News

It is going to be an interesting end to the week

E-minis 22-05
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At the lows today earlier in the session, S&P 500 futures were down by a little over 1% but they have since recovered in the past few hours to be down by around 0.3% to 0.4%.

The mild recovery has also seen European equities follow suit, with the DAX being down by 0.4% at the moment with most indices also thereabouts after having posted more than 1% losses when the cash market opened earlier in the day.

The underlying risk tone is still on the defensive, with Hong Kong-China tensions mounting and that could potentially see US and China butt heads even more amid the virus crisis.

Elsewhere, 10-year Treasury yields are still down by nearly 3 bps to 0.644%.

Meanwhile the dollar and yen are still the two leaders in the major currencies basket but are just a little off their highs seen earlier in the session.

AUD/USD is up to 0.6532 now after touching a low of 0.6512 earlier with EUR/USD also seen at 1.0902 after having hit a session low of 1.0887 earlier.

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