European indices fall to session low, trading in negative territory
The DAX is now down around 0.8% after opening up around 0.3% to start the session, US futures also retreat as S&P 500 futures reduce their gains on the day:
It is difficult to understand the market movements so far today, as the weakness of the dollar breaks away from the correlation with the strength of stocks and higher returns. Abe’s resignation as Japanese prime minister only further complicates the situation, especially for the yen.
I would say treasury bills remain a key place to watch in all of this, but maybe we could get a better idea of what will happen in North American trading down the road.