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US tech rout continues as a raft of risk negative factors impact across major markets
Wall Street closed sharply lower in a tech-led decline, where the S&P 500 was -2.8% at 3332, whilst the Dow was also -2.3% lower. US futures looked to be stabilised a touch this morning, but are now lower again, with the E-mini S&Ps -0.2%. Asian markets felt the squeeze this morning, with the Nikkei -1.0% and Shanghai Composite -1.1%, whilst FTSE futures and DAX futures are also around half a percent lower into the European open. In forex, GBP continues to be slammed on fears that the UK is moving towards leaving the EU with no trade deal possible, whilst the risk negative bias is pulling JPY outperformance. In ... (full story)