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S&P futures drop 1%, Treasury yields extend decline

FXStreet (Mumbai) - The S&P 500 futures in the US are indicating the risk aversion seen in the European stocks is likely to hit the US shores, while the treasury yields extended the slide.

The major European equity markets are trading deep in the red. The pan-European Euro Stoxx 600 index declined more than 1.5%, while Germany’s DAX tanked 2%. The latest bout of risk aversion is triggered by heightened concerns regarding the global growth after Fed kept rates unchanged.

In the US, the futures currently indicate the S&P is likely to open 20 points lower. Meanwhile, the benchmark 10-year treasury yield weakened 7 basis points to 2.148%.

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