Equities mood continues to struggle ahead of European trading

<p>The return of Wall Street yesterday didn't inject much optimism into markets as it seems growth worries are starting to weigh again. The <a href="https://www.forexlive.com/centralbank/fomc-minutes-some-participants-favored-or-could-have-favored-25-bps-hike-20230705/" target="_blank" rel="follow">Fed minutes</a> also hinted that a July rate hike is likely on the cards, but that shouldn't be anything new to markets in general. S&amp;P 500 futures are now down 0.4% on the day as the selling from Asia continues:</p><p>That sets up a more defensive opening in Europe later and that's not a good sign with regional indices already down over 1% on the week so far. In turn, expect the dollar and yen to keep more bid if the mood persists in the session ahead.</p>

This article was written by Justin Low at www.forexlive.com.