Following the selloff in Asian stock markets, major European indices open broadly lower and suffer heavy selling. Right now, FTSE is down -1.93%, DAX is down -1.45% and CAC is down -2.55%.
In particular, we’d like to point out that German 10 year bund yield tumbles sharply. It’s current down -0.055 at 0.188. It actually hit as low as 0.181 in initial trading, breach the one day spike low at 0.186 back in May 2018. And it hit the lowest level since April 2017.
In the currency markets, Yen remains the strongest one and is accelerating for now. Canadian Dollar and Dollar are the next. Australian Dollar is the weakest followed by Sterling and then Euro.
