Business
European indices open the day in the red
- Eurostoxx -0.8%
- Germany DAX -1.0%
- France CAC 40 -0.6%
- FTSE UK -0.4%
- Spain Ibex -0.8%
- France CAC 40 -0.8%
The situation was definitely much worse an hour ago. We even see US futures gradually paring back some of the earlier losses, with S&P 500 futures down just 0.5%. Earlier, S&P 500 futures were down 1.7% on the day. In the foreign exchange market, we also see the dollar largely paring its gains. EUR/USD is stable at 1.0645 while AUD/USD is down just 0.1% at 0.6413 currently.
This article was written by Justin Low at www.forexlive.com.
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