US Market Open: Risk off returns following weak PMIs, with equities downbeat, USD & bonds bid
23 Jun 2023, 11:25 by Newsquawk Desk
- European bourses trade on the backfoot with sentiment in the region subdued after the Flash PMIs sounded recessionary warnings.
- US equity futures are also lower on the session with the ES briefly dipping under 4,400.
- Havens (ex-CHF) are bid on the back of the risk aversion while industrial commodities take a hit on growth concerns.
- Fed's Barkin (non-voter) said he is comfortable with more hikes if inflation is not heading to the goal but he...