Spreadex Market Update
European futures are indicating a slightly lower open
European futures are indicating a slightly lower open, tracking slides for US and Asian shares. Asian dropped, with the regional index sliding the most in a month on concern Chinese growth is slowing and as investors speculate a possible interest rate hike in the US may be sooner than estimated.
The dollar and US bond yields advanced with the dollar continuing its strong run, reaching a fresh six-year high against the yen. Sterling advanced slightly against the dollar, recouping some of its steep losses incurred this week as Bank of England Mark Carney signalled a spring rate hike is possible.
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