Risk-off sentiment gripped markets after a disappointing start to technology earnings from Microsoft and Alphabet, followed by renewed concerns in the regional banking sector and finally with Fed Chair Powell pushing back on the expectations for a March rate cut. This pushed equities lower, bonds higher, and resulted in mild gains in USD with Japanese yen outperforming. More tech giants report earnings today, including Apple, Amazon and Meta. Along with that, Eurozone CPI and Bank of England rate decision will also be on the radar. {table} US Equities: The S&P 500 Index pulled back 1.6% and the Nasdaq 100 plunged ... (full story)