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.
Senior Editor, Saxo Bank
Summary: Equities are heading south as hopes for a breakthrough in China-US trade talks disappear over the horizon. Elsewhere, macroeconomic worries are weighing on crude oil and both CAD and SEK have weakened sharply against the dollar.