Global markets entered in Risk-off mode

The major assets groups remains in Risk-off mode after the assets bear the charge of escalating trade war rhetoric and concerns about its impact on the global growth. Stoxx 600 falls to its lowest since May, futures beyond the ocean signals that the S&P will fall to its April levels. The sell off is following the sentiment in Asia, where almost everyone was trading in red, and shares in Shanghai slid to their lowest levels since 2016. Commodities are also under pressure, with metals falling into a losing series for four straight days.

Demand for safe havens strengthened the yen and the Swiss franc, while the euro weakened against the dollar. Turkish lira and rubles are at the forefront of sell-offs in emerging market currencies, with NOK and SEK also sliding.

Source: Bloomberg Finance L.P.

 Trader Georgi Bozhidarov

Read more:
If you think, we can improve that section,
please comment. Your oppinion is imortant for us.
WARNING: Any news, opinions, research, data or other information contained within this website is provided as general market commentary and does not constitute investment or trading advice. Varchev Finance Ltd. expressly disclaims any liability for any lost principal or profits which may arise directly or indirectly from the use of or reliance on such information. Varchev Finance Ltd. may provide information, quotes, references and links to or from other sites and blogs and other sources of economic and market information as an educational service to its clients and prospects and does not endorse the opinions or recommendations of the sites, blogs or other sources of information.
Varchev Finance