Equities selloff gathers pace in European morning trade
<p>Here's the latest snapshot:</p><ul><li>Eurostoxx -1.6%</li><li>Germany DAX -1.6%</li><li>France CAC 40 -1.4%</li><li>UK FTSE -1.8%</li><li>S&P 500 futures -1.0%</li><li>Nasdaq futures -1.3%</li><li>Dow futures -0.8%</li></ul><p>It's a risk-off wave in markets at the moment and a bid in bonds is also lending to a bid in the Japanese yen. 2-year Treasury yields are down 6 bps to the lows for the day at 4.851% while 10-year yields are down 2.6 bps to 4.021% currently. As such, USD/JPY is down 0.7% to 142.30 and extending the fall from earlier <a href="https://www.forexlive.com/news/usdjpy-pushed-lower-amid-safety-flows-for-now-20230802/" target="_blank" rel="follow">here</a>.</p>
This article was written by Justin Low at www.forexlive.com.
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