EQUITIES: European Equities are plummeting in early trade
Apr-07 06:35
Estoxx futures (VGM5) has fully cleard the 4600.00, and is now close to test the next immediate support at 4542.27 3.000 proj of the Mar 3 - 11 - 19 price swing.
At current levels, the Cash (SX5E) is set to open down 4.5% at 08.00BST.
RATINGS: Affirmations On Friday
Apr-07 06:34
Sovereign rating reviews of note from after hours on Friday include:
Fitch affirmed Italy at BBB; Outlook Positive
Fitch affirmed Slovenia at A; Outlook changed to Positive
Morningstar DBRS confirmed the United States of America at AAA, Stable Trend
USD: The CHF and Yen lead the early gains in G10
Apr-07 06:31
The Swiss Franc and the Yen are the best performer into the European session, a continuation of late and from the Overnight session, as they act as safer Haven Currencies give the huge Risk Off Tone.
While the USDJPY fell all the way to print a 144.82 low overnight, it has since recovered some 70 pips, but still trades in a wide 230 pips.
USDCHF is down 1.27% and is eyeing a test to 0.8477, Friday's low.