A global flight from risk assets continued on Wednesday after fears about the US economy and a retreat from big tech triggered a sharp decline in US stocks.
Europe’s STOXX 600 index dropped 0.9% with technology stocks such as ASML Holding taking the biggest losses. S&P 500 futures pulled back 0.5% after the gauge suffered its worst day since the Aug. 5 market meltdown. Traders are now bracing for further volatility as they await Wednesday’s US job openings report. In geopolitics, Israeli Prime Minister Benjamin Netanyahu is sticking to his hard-line approach on Hamas, in the face of mass protests at home over the killing of six hostages and the suspension of some British arms licenses.
Europe’s STOXX 600 index dropped 0.9% with technology stocks such as ASML Holding taking the biggest losses. S&P 500 futures pulled back 0.5% after the gauge suffered its worst day since the Aug. 5 market meltdown. Traders are now bracing for further volatility as they await Wednesday’s US job openings report. In geopolitics, Israeli Prime Minister Benjamin Netanyahu is sticking to his hard-line approach on Hamas, in the face of mass protests at home over the killing of six hostages and the suspension of some British arms licenses.
Today’s guests: Patrick Armstrong, Plurimi Wealth CIO; Yuko Takano, Pictet Asset Management; Richard David Harpin, Homeserve, Founder & Chairman (Source: Bloomberg)
