US futures slip by over 1% on the day now

Author: Justin Low | Category: News

The risk-off mood is the main driver of trading sentiment right now

E-minis 22-05
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European investors are continuing the softer risk tones seen in Asia Pacific trading, with Hong Kong-China tensions seen as the main cause of the sour risk mood so far today. That is also prompting worries about a US response so there's that to consider I guess.

US futures are now down by 1% with European equities also keeping over 1% losses to kick start the session, with little change in the opening half-hour.

From a technical perspective, one can also argue that the headlines are fitting as the S&P 500 is looking to further reject a test of its key daily moving averages on its first attempt:

SPX

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