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The risk aversion today deepens as recession fears grow in Europe
Equities are falling to fresh lows on the day as bonds are bid across the board. It's a typical risk-off day at the moment as the rather disappointing French and German PMI readings just adds to the misery for risk sentiment on the week.S&P 500 futures are down 0.5% as European indices are holding losses around 0.6% to 0.9% currently. Meanwhile, 10-year Treasury yields are falling further to nearly 6 bps down at 3.742% at the moment.In FX, the euro is the big loser after the data is out with EUR...
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Posted: Jun 23 2023, 07:38
Author Name: forexlive
Views: 102296