The decline is set to continue
The S&P 500 fell 55 points yesterday after falling by as much as 90. Some of that late-day recovery will disappear at the open with futures down 10 points.
US equity futures point to a soft open
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- FT: Trump is pushing for 15 – 20% minimum tariff on all EU goods. EURUSD moves lower.
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- Nomura sees BoJ rates rising to 1.5% by 2027, with hawkish risks beyond
- PBOC sets USD/ CNY mid-point today at 6.9533 (vs. estimate at 6.9385)
- Japan services PMI hits 11-month high as demand and hiring strengthen
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