US futures fall as risk remains on the defensive

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That continues the tech rout, with Nasdaq futures currently down 1.2% and Dow futures down 0.6%. The decline also weighed on European indexes, with the DAX and CAC 40 down 0.6% during the session.

There wasn’t much to trigger the decline in European morning trade, but it came after Microsoft’s sales forecast softened today and CPI data from Australia and New Zealand strengthened. Zeeland – these markets can be a bit dubious peak inflation narrative.

The dollar is now slightly higher, and AUD/USD is also seeing gains from 0.7110 previously to 0.7080 now. GBP/USD was also down 0.3% at 1.2285, the low of the day.

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