by Chris Becker
It appeared as the European sessions gap opened down over the weekend and then rallied, as markets did in thin Asian trade yesterday morning, that some relief was in sight. As US stock markets opened that relief was replicated until near the close when everything tanked, with cash markets dropping another 1-1.5% and futures further:
This move was perhaps on some more Ebola hysteria in the US, but whatever the catalyst it shows how weak sentiment is in the risk crowd. One of the major Fed officials over the weekend admitted that a slowing global economy may push out the expected rate hikes to 2016, which is not a sign of strength. European markets were up very slightly at their closes, but futures are pointing to reversal of all the gains on the open tonight:
