There are some jitters starting to creep through markets now with US futures stumbling on the session. S&P 500 futures are now down 0.8% with tech shares leading the declines. Nasdaq futures are down 1.0% while Dow futures are down 0.5%. It’s been a nervy week for equities in general, despite some recovery in trading yesterday.
This latest AI headline from China here is also perhaps something to be wary about, keeping investors on their toes. Nvidia shares are marked down by 1.7% in pre-market trading at the moment.
In other markets, Japan’s 10-year bond yields are also shooting higher to above 1.52% currently – its highest since 2009. And that’s also underpinning the yen currency in general alongside positive news ahead of the spring wage negotiations. USD/JPY is now facing a double whammy as such, dragged down by 0.7% to 147.90 on the day.
This article was written by Justin Low at www.forexlive.com.
