The Trader 

Market Outlook update: Wall Street opens weaker on hangover for risk assets

Market Outlook update: Wall Street opens weaker on hangover for risk assets

Yesterday’s risk party has left participants with a bit of a hangover: risk assets have taken a bit of a beating today amid a slew of pretty rotten economic data and an ECB presser that maybe wasn’t all that. There is also a sense that equity markets rode too aggressively on the Gilead news and need to see more evidence, while the FTSE has notably underperformed thanks to the oil majors.

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