Global Markets – Bunds rally, APAC equities down

  • The German 10 year yield dropped more than 20bps at the open and currently stands at 0.74
  • Friday close was at 0.917
  • Asian equity indices are a sea of red; the Nikkei has closed 3 % lower, while the Shanghai Composite lost 2 % (being down 7.5 % at one point, though)
  • Market participants are now waiting for the EU equities open; some expect a 400-500 points drop in the DAX, while the Italian MIB is expected to post an even larger decline
  • EU stock markets will open in 30 minutes…

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