While USDJPY is not moving much, no clear news from Scotland (GBP is modestly weaker) and an opposition win in Sweden (Krone weaker) along with China’s dismal data (and Securities Journal note that no rate cut is coming anytime soon from the PBOC) sparked some significant selling in US stock futures at the open (-13 points). Treasury futures are modestly higher as S&P future are stabilizing around -7 points for now extending losses from Friday as AUDJPY slides…
US equity futures down notably…
seemingly led by AUDJPY weakness (AUD weakness and JPY unchness) on the back of China data
Charts: bloomberg
via Zero Hedge http://ift.tt/Xkxrjn Tyler Durden