NY Open: Twenty pounds of headlines
Markets started the day in a confusion of incoming news as ECB chatter met with trade talk updates and US macro data. EURUSD took it on the chin and dropped from 1.1270 to 1.1235.
Head of Equity Strategy, Saxo Bank Group
Summary: The stock market is a sea of red right now, particularly the tech behemoths. There are several, mainly technical, reasons for this and panic would be premature.