US equities had a volatile session yesterday, extending weakness from Friday’s session by closing a further 4.1% lower. While all 11 sectors finished in negative territory, Financials and Health Care contributed the most losses for the session.
The VIX index, a measure of implied equity US market volatility, rose to 35.3 yesterday, levels last experienced in August 2015.
US bonds, however, found a degree of support on Monday, with the 10-year yield down 8bps to 2.77%. In commodity markets, oil prices was also caught up in the risk-off session, falling 1.4% to settle at $67 a barrel.
Europe
European equities also experienced a negative session. The Euro Stoxx 50 index fell 1.3%, the German DAX index lost 0.8% and the French CAC index settled 1.5% lower.
Futures indicate a weak open again this morning for Europe.
Asia
Asian equities took the lead from their US and European peers overnight, with Japanese markets trading 4.7% lower and Chinese stocks losing 3.4%.
We use cookies to give you the best possible online experience. If you continue, we'll assume you are happy for your web browser to receive all cookies from our website. See our cookie policy for more information on cookies and how to manage them. Cookie Policy