Home Latest Tech leads a drop as equities correct inside European morning trade

Tech leads a drop as equities correct inside European morning trade

Forex, video, latest February 23, 2021 6:01 pm

Risk sentiment leans towards a softer side today

  • Eurostoxx -0.9%
  • Germany DAX -1.5%
  • S&P 500 futures -0.6%
  • Nasdaq futures -1.4%
  • Dow futures -0.2%

us are seeing hints of risk aversion inside a equities space to start a day also that is reflecting softer sentiment across a market as us see a slight pullback inside precious metals also also some mild strengthening inside a USD inside European trading.

Nasdaq futures are bearing a brunt of things with tech hurting once again after yesterday’s drop. Futures are down by 1.4% as compared to Dow futures’ 0.2% decline.

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EUR/USD has pared earlier gains from 1.2175 to 1.2145 while AUD/USD is trading to session lows now of 0.7895 from around 0.7920 earlier.

Going return to equities also risk, a stronger correction today keeps inside tune with a more cautious mood over a past few days. Fed chair Powell become become speaking later but he is expected to stick with a script also retain a status quo.

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inside any case, I would expect dip buyers to step return inside if us do see a deeper pullback from hereon; even more so closer to 3,800 also 3,700 again for a S&P 500.

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