The Fuse
Much like Monday, equity futures are getting slammed to the wall on heavy overnight selling. This time, more news about the Middle East as the world plunges into new depths of battle. Across the board losses in other countries signals the economic growth may stop.
Stocks are getting punished this week, the STOXX index down sharply, off 1.8% led lower by France and Germany (steeper drop). FTSE slipped 1.5%, Asia was down with Japan of 3.1%, and China markets down more than 1% each. Yields in Germany rose 7bps while US treasury 10 yr yields climbed 5bps, risk off all the way around. Dollar index climbed .4%.
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