That unwind feeling
STOXX 600 down 1.1%
Volatility above 23
Banks, tech down
Some UK earnings please
Nasdaq futures fall
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THAT UNWIND FEELING
European shares got off to a lower start on Thursday, bringing about the feeling that the yen carry trade unwind is not over yet.
A gauge of euro zone equity volatility .V2TZ popped up above 23 following a two-day retracement from Monday's peak at 65.7. And the region-wide STOXX 600 .STOXX was down over 1%.
Banks .SX7P and tech .SX8P, which stood at the epicentre of Monday's selloff, were, perhaps unsurprisingly, among the biggest fallers in early deals. Miners also felt pressure as growth concerns dragged copper prices and crude oil pulled back.
On a positive note, there was a bunch of really well-received earnings updates over in the UK. Top STOXX gainers include London-listed Beazley BEZG.L, Entain ENT.L, Hikma HIK.L and Persimmon PSN.L, up between 2% and 12% following their respective quarterly updates.
A solid update also from Deutsche Telekom DTEGn.DE.
Here is your opening snapshot:
(Danilo Masoni)
*****
EARLIER ON LIVE MARKETS:
DOWN (SLIGHTLY) WE GO AGAIN...
NO LET UP IN VOLATILITY CLICK HERE
EU open https://tmsnrt.rs/3YwzvqV
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