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 Editorial Content, Saxo Bank
Summary: Soft Chinese retail sales and industrial production data saw Asian markets lower overnight, with the Nikkei down 2%, USDCNY at 6.90, and the S&P 500 futures toying with the key 2,635 area.