FTSE set to fall after bond rout hits Asia, US markets


Reuters is reporting European stock index futures have fallen more than 1%, tracking steep losses on Wall Street and in Asian markets as a jump in bond yields and concerns of lofty equity valuations hammered demand for riskier assets.

Euro Stoxx 50 futures slumped 1.7% by 063.7am, while FTSE futures and German DAX futures fell 1.2% and 1.4%, respectively.

 MSCI’s broadest index of Asia-Pacific shares outside Japan slid more than 3% to a one-month low, its steepest one-day percentage loss since May 2020, after the 10-year US Treasury hit a one-year high of 1.614%, sparking fears the heavy losses could trigger distressed selling in other assets, Reuters reported.

This spilled into US stock markets with the S&P 500 dropping 2.5% and the technology Nasdaq Composite sliding 3.5%.





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