Source: Bloomberg
Source: Bloomberg
Asia UnhedgedReal-time intel on what moves markets

S&P futures stabilize overnight, oil continues weak

EM currencies followed S&P futures, bottoming and recovering slightly overnight.

March 22, 2017 6:59 PM (UTC+8)

The Trump Retracement took a pause overnight as S&P futures stabilized. Oil continues to trade weakly. Banks (-1.85%) and Basic Resources (-1.64%) were the worst performers in the EuroStoxx index, followed by financial services and insurance. Japan followed the same pattern, with the TOPIX insurance sector down by 5.39% and banks down by 3.22%, followed by transport equipment (-3.06%), Steel (-2.81%) and Nonferrous Metals (-2.61%). Emerging market currencies followed S&P futures, bottoming and recovering slightly overnight.

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