At the end of Asia trading, S&P 500 futures were up by roughly 80 points but are now seeing gains trimmed to just 39 points on the day. It is still up 1% but the mood isn't looking too pretty as we get into European trading. First Republic Bank shares are down 60% in pre-market and that is perhaps triggering a bit of jitters in the market again.
Looking over to Europe, the major regional indices are all down by over 1% as losses accelerate after the open.
Watch this space. The fallout from the SVB collapse may not be over just yet.
